Mr. Eli Hini, the Chief Executive Officer of MTN’s MoMo Payment Service Bank, and Ms. Elsa Muzzolini, Chief Commercial Officer, have both left the company, P.M.EXPRESS Learnt.

Muzzolini announced her resignation through a direct message to MoMo employees on 12 July.


She was said to have taken up a new role as CEO of M-PESA Ethiopia, the Safaricom’s mobile money business, effective 15 July, 2024 as an updated on her LinkedIn profile reflect her new position.


However, it remains unclear whether Hini, who departed in June 2024, has moved on to another role.

Both Hini and Muzzolini joined MoMo PSB in 2022, where they played key roles in driving the fintech’s growth strategies in Nigeria.

Their exits come at a crucial time as MTN Nigeria increases its investment in MoMo PSB to boost its market share in mobile wallets and app adoption, following challenges in its core telecom business.

Read more: https://omonaijablog.com.ng/2024/08/08/crisis-hits-mtn-momo-psb-as-both-ceo-cco-quit/