Mastercard has announced the appointment of Folasade Femi-Lawal as the new Country Manager for Nigeria and the Area Business Head for West Africa.
The announcement, made in a statement on Tuesday, highlights Folasade’s extensive experience spanning over 25 years in financial services, management consulting, telecommunications, and business advisory services.
Bringing Wealth of Knowledge to Mastercard
Folasade’s appointment brings a wealth of knowledge and expertise to her new role. In her capacity as Country Manager, she will be instrumental in driving Mastercard’s vision, innovation, and growth agenda in West Africa.
Her responsibilities will include strengthening partnerships with key stakeholders and advancing the mission of building a more connected and inclusive digital economy in the region.
Distinguished Leadership Career
Prior to joining Mastercard, Folasade held distinguished leadership roles at First Bank, Nigeria, where she successfully led initiatives in Mobile Financial Services and Digital Banking Strategy.
She also served as the Head of the Loan Monitoring Unit at the United Bank of Africa, demonstrating her proficiency in credit risk management.
Pivotal Time for Digital Innovation
Mark Elliott, Mastercard’s Division President for Sub-Saharan Africa, expressed delight at Folasade’s appointment, highlighting her vast experience in the digital payments ecosystem.
He emphasized the importance of her role in driving digital innovation in Nigeria’s payments landscape, moving the country towards a cashless society.
Commitment to Inclusive Growth
Apart from her professional achievements, Folasade is recognized for her commitment to fostering inclusive growth and empowerment, particularly for women and children.
She has been actively involved in philanthropic endeavors and mentorship roles with organizations such as Women in Management, Business and Public Service (WimBiz) and the United States White House Initiative – Academy for Women Entrepreneurs (AWE).
Vision for the Future
Folasade expressed her excitement about her new role, highlighting Mastercard’s commitment to excellence, cutting-edge solutions, and partnerships.
She looks forward to working with the Mastercard teams, customers, clients, and partners to shape the future of payments and drive digital transformation and inclusion.
Recognition and Accolades
Folasade Femi-Lawal has received numerous accolades, including the Outstanding Women in Management award by the United Nations Association in Nigeria and recognition as one of the Top 50 Women in Management Africa by Women in Management Africa.
She is also a member of the Forbes Business Development Council and has recently served as the Vice Chairman of the Executive Committee of the Committee of eBusiness Industry Heads (CEBIH).
Personal Pursuits and Interests
Beyond her professional pursuits, Folasade enjoys singing, writing, and spending quality time with her family.
Her appointment comes at a significant time for Mastercard and reflects the company’s commitment to driving digital payment transformation in Nigeria and across Africa
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