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Sitoyo Lopokoiyit

Managing Director | M-PESA Africa

Sitoyo Lopokoiyit is the MD of M-PESA Africa, which develops, drives partnerships and growth, and supports the M-PESA platform. M-PESA is Africa’s largest fintech providing transformational financial services to more than 60 million active customers and over $1.1 billion transacted daily, 1 million businesses across eight African markets including Kenya, Tanzania, Mozambique, the Democratic Republic of Congo, Lesotho, Ethiopia, Ghana and Egypt. He is a passionate, energetic, and easy-going leader. Prior to his current position, Sitoyo held executive leadership roles at Safaricom in Kenya and Vodacom in Tanzania, overseeing M-PESA in both countries where he delivered major innovations that revolutionised the global money space and drove financial inclusion. In Kenya, he led M-PESA to achieve double digit growth at over 19% year-on-year, delivering revenues of over $700 million and major innovations including the M-PESA Super App, Fuliza – the world’s first mobile contextual overdraft, M-Shwari – a savings and loans proposition, M-PESA Global – an affordable remittance solution across 200 markets including partnerships with PayPal and Ali Express. In Tanzania, he drove the growth and uptake of M-PESA, becoming the second largest market in Africa behind Kenya. He is also the Chairman of M-PESA Limited (Tanzania), the Moi University Teaching and Referral Hospital, KCA University Council, and is a board member of the Central Depository & Settlement Corporation Limited (CDSC).
Sitoyo Lopokoiyit is the MD of M-PESA Africa, which develops, drives partnerships and growth, and supports the M-PESA platform. M-PESA is Africa’s largest fintech providing transformational financial services to more than 60 million active customers and over $1.1 billion transacted daily, 1 million businesses across eight African markets including Kenya, Tanzania, Mozambique, the Democratic Republic of Congo, Lesotho, Ethiopia, Ghana and Egypt. He is a passionate, energetic, and easy-going leader. Prior to his current position, Sitoyo held executive leadership roles at Safaricom in Kenya and Vodacom in Tanzania, overseeing M-PESA in both countries where he delivered major innovations that revolutionised the global money space and drove financial inclusion. In Kenya, he led M-PESA to achieve double digit growth at over 19% year-on-year, delivering revenues of over $700 million and major innovations including the M-PESA Super App, Fuliza – the world’s first mobile contextual overdraft, M-Shwari – a savings and loans proposition, M-PESA Global – an affordable remittance solution across 200 markets including partnerships with PayPal and Ali Express. In Tanzania, he drove the growth and uptake of M-PESA, becoming the second largest market in Africa behind Kenya. He is also the Chairman of M-PESA Limited (Tanzania), the Moi University Teaching and Referral Hospital, KCA University Council, and is a board member of the Central Depository & Settlement Corporation Limited (CDSC).
Fireside Chat: Bridging Digital Divides For Financial Inclusion

A deep dive into fintech’s role in financial Inclusion and the road to accessible finance for all.

EXECUTIVE SUMMIT
Day 2

partners

Financial Sector Development Program
Saudi Central Bank
Capital Market Authority
Insurance Authority
Fintech Saudi
Tahaluf