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Mobile Money Movers – Part 1: A conversation with Sitoyo Lopokoiyit, Head of Strategy for Financial Services at Safaricom
M-Pesa is the world’s leading mobile money system, and one of the biggest success stories in the history of BoP business. Launched in Kenya by Safaricom in 2007, it’s now used by over two-thirds of Kenya’s adult population - and it is expanding to other countries in Africa and beyond. In Part 1 of our Mobile Money Movers series, Kyla Yeoman interviews Sitoyo Lopokoiyit, Head of Strategy for Financial Services at Safaricom.
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Kenya’s merchants are warming up to a payment system born in a Seattle basement
Naming your company “money” takes some gall, but for the founders of Kopo Kopo, the gambit looks like it might pay off.
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- Sub-Saharan Africa
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Here’s What Bitcoin Gets Right
Bitcoin gives file-sharing a brilliant twist. In essence, it has created “a decentralized virtual currency that uses a peer-to-peer consensus system to confirm and verify transactions."
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Mobile money meets credit card in Ghana
MTN and Visa have partnered to offer customers a mobile payment solution which allows MTN Mobile Money users to make face-to-face and online transactions wherever Visa is accepted.
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- Sub-Saharan Africa
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Accion’s Venture Lab Closes Two New Investments
Impact-investing initiative announces close of investments in seed-stage companies that provide payments, health care and microinsurance products to clients at the base of the pyramid.
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- Health Care
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The Digital Payments Future: Transforming the way the world addresses poverty
The expansion of digital payments could be poised to increase financial inclusion and change the way the world addresses poverty, says Ruth Goodwin-Groen, managing director of the Better Than Cash Alliance. In this post, she discusses the multiple benefits that can be gained as cash is replaced with digital payments.
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