MasterCard, a technology company in the global payments industry, has appointed Ezediashi Ofili as Vice President and Business Leader to drive the growth of its Prepaid Business in sub-Saharan Africa.
He will also oversee MasterCard’s Global Products and Solutions team in the region.
Ofili joins MasterCard from Access Bank PLC where he was the Head of Business Engagement for Northern Nigeria.
With more than twenty years’ experience in the banking, energy, Information Technology and credit rating sectors in both Africa and Europe, Mr. Ofili has played a key role in several major projects most recently the launch of the Nigeria National Identity Card project.
MasterCard is seeking to expand its prepaid product offering in the region and has partnered with several financial institutions to drive this strategy.
Commenting on the appointment Daniel Monehin, MasterCard’s Division President sub-Saharan Africa, said growing the prepaid business in Africa would bring more people into the formal financial system thereby increasing levels of financial inclusion in the continent.
“We are happy to welcome Mr. Ofili to the MasterCard team. As we work towards realising our vision of a world beyond cash we acknowledge that Africa’s position as an emerging market provides increasing opportunities for the growth of prepaid card payments, especially as the market begins to witness a shift from cash to cashless transactions,” said Monehin.