On Tuesday, AirAsia announced the appointment of Mohamad Hafidz, currently the chief fintech officer, as acting CEO of the AirAsia superapp beginning April 1.
Hafidz, also known as Mo, will succeed Amanda Woo in his new role after nearly 30 years in the payments industry.
Woo was appointed CEO of the superapp in May 2021, having previously served as chief commercial officer.
Tony Fernandes, CEO of Capital A, previously told Skift that AirAsia would be killing its other operations in the superapp to focus on what he calls its bread and butter — travel.
“Now that travel has returned, we’ve shifted our focus to making the superapp very much a travel fintech superapp,” Fernandes told Skift.
According to the company, Hafidz will continue to drive the platform's fintech vision in his new role, which will help to expand the superapp's options for its users and bring in more revenue.
Hafidz has been a strong advocate for payments innovation and security in the Asia Pacific region, having helped shape regulatory policies in several regional markets.
Hafidz's appointment follows the recent announcement of a leadership transition at AirAsia Digital, which includes the AirAsia superapp and BigPay.
Colin Currie will be the CEO of AirAsia Digital as well as the president of Capital A's commercial division.
According to a company release, Currie will lead the effort to forge a closer collaboration between AirAsia superapp and BigPay to create a better user experience in travel and payment for users within the Capital A ecosystem.
Capital A also named John Cheing, its head of investments, as the chief financial officer for AirAsia Digital and the AirAsia superapp.
Fernandes had previously stated that BigPay, Capital A's fintech arm, would play a role in creating lending for travel as well as insurance.
The company reported strong fourth-quarter results in both its superapp and fintech businesses.
Fernandes stated, "We are excited to be launching the next phase of growth in our digital portfolios."