M-PESA CEO: Purpose-Driven Finance is Key to Digital Evolution
M-PESA Africa CEO highlights financial inclusion, responsible lending, and interoperability as key drivers of its transformative impact and future expansion.
M-PESA Africa CEO Sitoyo Lopokoiyit MBS highlighted the platform’s transformative impact at the World Governments Summit, emphasizing its role in financial inclusion and digital evolution. Speaking alongside industry leaders, he credited M-PESA’s success to its purpose-driven approach, evolving from a rural-urban money transfer solution to a comprehensive financial ecosystem for individuals and businesses.
He underscored M-PESA’s commitment to financial health, ensuring responsible lending through purpose-driven credit products like Pochi La Biashara for micro-traders and supply chain financing for SMEs. With over $55 million disbursed daily and nonperforming loans below 2%, M-PESA prioritizes sustainability over debt accumulation.
Looking ahead, Lopokoiyit stressed that partnerships and interoperability will be key to expanding M-PESA’s reach, enabling seamless cross-border transactions and enhancing global financial accessibility.
