MobiCash has appointed Ann J. Camarillo the Group chief executive officer. Camarillo, who currently serves as MobiCash board member will succeed Patrick G. Ngabonziza, the company’s chairman and current Group CEO, according a statement from board of trustees. She has over 30 years of experience in financial services, IT and telecommunications.

The statement noted that Camarillo has over the course of a 20-year career at MasterCard Worldwide held a variety of leadership positions in business development, customer management, debit and prepaid products, operations and technology in the United States and other markets.

She worked in Belgium as CEO of Maestro International, the largest global debit card network, and CEO of Cirrus, the largest global ATM network, and as MasterCard’s chief debit officer, as well as executive vice-president for market development in the US. "Camarillo’s appointment comes at a point when the organisation is strategically aligning key investors and stakeholders to implement activities geared toward driving the organisation into a mature global company, leveraging the research and development investment, as well as the expansion of the organisation’s operations across various markets in Africa and elsewhere. This is an exciting new phase for MobiCash; Camarillo has been a successful executive here and elsewhere,” Ngabonziza said while commenting on the appointment.

Camarillo is an innovator, who ensures the company delivers results in the short and over long-term, while at the same time guaranteeing that both existing and new customers receive optimal solutions customised to their needs, he added.

"She brings a depth and breadth of global market experience that is unmatched inside and outside of MobiCash. She is the kind of leader we need to take our history of delivering innovative mobile banking and payment technologies to stakeholders, and raise the bar for our next generation of products,” Ngabonziza added.

Donald Mudenge, MobiCash South Africa chief operating officer, said the experience Camarillo brings to the organisation will enable it meet its goals and objectives at group level and across the various individual markets where MobiCash has a presence.