Mudassar Aqil Assumes Executive Role in BankTech at MTN Group Fintech

MTN Group has recently announced the appointment of M. Mudassar Aqil as the Executive: BankTech in its Fintech business, MoMo. This appointment will take effect from 1 August 2023. BankTech is one of the five verticals in MTN Fintech, and it currently serves over 69 million monthly active users across 16 markets.

Mudassar Aqil brings a wealth of experience in the financial services industry, with a particular focus on banking and fintech. He has previously served as a CEO in this space for 12 years and has a deep understanding of banking regulation, lending, payments, and platform strategy.

Over the course of his 25-year career, Mudassar has held various senior executive roles in the financial services and fintech sectors, both in the United States and Pakistan. Notably, he has successfully turned around two banks and a significant wallet platform as CEO, transforming them into profitable market leaders.

Most recently, Mudassar served as the CEO at Telenor Microfinance Bank & Easypaisa in Pakistan. This was a joint venture between Telenor Group and Ant Group. During his tenure, he led the bank back to profitability and significantly expanded the wallet business, making Easypaisa Pakistan’s largest app. He also played a key role in revitalizing the credit business through digital transformation.

Mudassar holds an MBA from Salisbury University in the United States and is an alumnus of the Advanced Management Program at Harvard Business School.

“We are delighted to welcome Mudassar to the Group Fintech team. His wealth of experience in the financial services sector and diverse background will undoubtedly ensure that we continue to break new ground in our ongoing efforts to promote financial inclusion across the continent,” said Serigne Dioum, Group Chief Fintech Officer.

“Mudassar has built a stellar career through his innate ability to establish an organisational vision, develop strategic and tactical plans, and execute them with well-led and highly effective teams. He is a strategic yet pragmatic leader, renowned for his hands-on approach to business,” concluded Dioum.

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