Mastercard has announced the appointment of Folasade Femi-Lawal as its new Country Manager and Area Business Head for West Africa. In her new role, Femi-Lawal will lead the strategic vision, innovation, and growth initiatives for the company across the region.

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With over 25 years of diverse experience in financial services, management consulting, telecommunications, and business advisory services, Femi-Lawal brings a wealth of expertise to Mastercard. Her appointment comes at a crucial time as Nigeria and the broader West African region undergo a significant shift towards digital payments and a cashless economy.

Mark Elliott, the division President for Sub-Saharan Africa at Mastercard, expressed a warm welcome to Femi-Lawal, emphasizing her valuable assets in navigating the evolving digital payments landscape. He highlighted her role in collaborating with both public and private sector partners to drive forward the transformation towards a cashless society.

Femi-Lawal’s responsibilities will extend to driving strategic initiatives, fostering partnerships with key stakeholders, and championing Mastercard’s mission of fostering a more connected and inclusive digital economy in West Africa.


In her response, Femi-Lawal expressed her honor in assuming the role, expressing excitement to collaborate with Mastercard teams, customers, and partners. She outlined her goals of contributing to the future of payments, driving digital transformation, and supporting the Nigerian government’s agenda for a robust, inclusive, and secure digital economy. She expressed eagerness to enhance Mastercard’s presence and deliver unparalleled value in the region.

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