JumiaPay appoints ex-PalmPay executive as new MD to revive the troubled fintech
- JumiaPay appoints Anthony Mbagwu as Managing Director in Nigeria.
- JumiaPay has been struggling with operational losses.
- Mbagwu has over 15 years of experience in the financial services sector.
The appointment of Anthony Mbagwu as the Managing Director of JumiaPay in Nigeria is a positive move that shows Jumia's commitment to revitalizing its fintech business. Mbagwu's experience in the financial services sector and his previous success at PalmPay make him a valuable asset. However, JumiaPay still faces challenges in overcoming operational losses and increasing its transaction volume.
