Full Name
Sitoyo Lopokoiyit
Job Title
Managing Director
Firm
MPesa
Professional Bio
Sitoyo Lopokoiyit is a mobile-financial services expert, who has managed mobile money in two of the largest markets in the world, Kenya and Tanzania. He is currently the Chairman of M-PESA (Tanzania), CEO of Safaricom Money Transfer Services, and the Interim Managing Director of M-Pesa Africa.
In his current role as Chief Financial Services Officer at Safaricom PLC, he is responsible for managing and growing M-PESA which has earned revenues of over $700mm wtih service growth of 19% yoy. As a passionate, energetic and easy-going leader, Sitoyo has delivered major innovations that have encouraged financial inclusion and revolutionized the global mobile money space. Examples of his work include Fuliza, the world’s first contextual overdraft facility, M-Shwari, a savings and loan proposition, M-PESA Global Payments, along with partnerships with PayPal and Ali Express. Prior to Safaricom, Sitoyo served as the M-Commerce Director at Vodacom Tanzania, where he led the turnaround strategy for the adoption and execution of M-PESA and oversaw the delivery of several other transformative products and services such as the delivery of Mobile Money G2 platform, M-PESA app, interoperable transactions for both P2P and Merchant Payments, B2B payments, M-PESA CVM, and Merchant Payments. His work accelerated growth of M-PESA in Tanzania.
Sitoyo has over 15 years’ senior managerial experience from different fields; oil & Gas (Chevron and Total Kenya Ltd) and in the Retail industry within Kenya. He has worked extensively in the East Africa Region as well as in Mauritius and Reunion.
Sitoyo holds a Bachelor of Commerce (Hons) in Marketing from the University of Nairobi (2000) and a MSc in Information Technology Management and Organizational Change from Lancaster University in UK.
In his current role as Chief Financial Services Officer at Safaricom PLC, he is responsible for managing and growing M-PESA which has earned revenues of over $700mm wtih service growth of 19% yoy. As a passionate, energetic and easy-going leader, Sitoyo has delivered major innovations that have encouraged financial inclusion and revolutionized the global mobile money space. Examples of his work include Fuliza, the world’s first contextual overdraft facility, M-Shwari, a savings and loan proposition, M-PESA Global Payments, along with partnerships with PayPal and Ali Express. Prior to Safaricom, Sitoyo served as the M-Commerce Director at Vodacom Tanzania, where he led the turnaround strategy for the adoption and execution of M-PESA and oversaw the delivery of several other transformative products and services such as the delivery of Mobile Money G2 platform, M-PESA app, interoperable transactions for both P2P and Merchant Payments, B2B payments, M-PESA CVM, and Merchant Payments. His work accelerated growth of M-PESA in Tanzania.
Sitoyo has over 15 years’ senior managerial experience from different fields; oil & Gas (Chevron and Total Kenya Ltd) and in the Retail industry within Kenya. He has worked extensively in the East Africa Region as well as in Mauritius and Reunion.
Sitoyo holds a Bachelor of Commerce (Hons) in Marketing from the University of Nairobi (2000) and a MSc in Information Technology Management and Organizational Change from Lancaster University in UK.
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