Sitoyo Lopokoiyit is a mobile-financial services expert, who has managed mobile money in two of the largest markets in the world (Kenya & Tanzania). In his current role as Managing Director – M-Pesa Africa and Acting Chief Financial Services Officer at Safaricom PLC, he is responsible for managing and growing M-PESA.
He is currently the Chairman of M-PESA Limited (Tanzania) and CEO of Safaricom Money Transfer Services Limited.
He is a passionate, energetic and easy-going leader, who has delivered major innovations that have revolutionized the global mobile money space and driven financial inclusion such as the world’s first contextual overdraft facility dubbed Fuliza, Mshwari a savings and loan proposition, M-PESA Global Payments, and partnerships with Paypal and Ali Express.
Prior to joining Safaricom PLC, he served as the M-Commerce Director at Vodacom Tanzania PLC, where he led the turnaround strategy for the adoption and execution of M-PESA which resulted in the accelerated growth of M-PESA in Tanzania. He also oversaw the delivery of several other transformative products and services like the delivery of Mobile Money G2 platform, M-PESA APP, interoperable transactions for both peer-to-peer transfers and merchant payments, Business to Business payments, M-PESA CVM and Merchant Payments.
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) degree in Marketing from the University of Nairobi (2000) and an MSc in Information Technology Management and Organizational Change from Lancaster University in the UK.