TED Talks Daily A story of moral imagination and bold entrepreneurship | Sitoyo Lopokoiyit and Jacqueline Novogratz
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Jul 10, 2025 
In this engaging discussion, Sitoyo Lopokoiyit, CEO of M-PESA, and Jacqueline Novogratz, CEO of Acumen, dive into the extraordinary growth of Africa's largest fintech platform, which revolutionized financial access in Kenya. They explore how moral imagination and ethical entrepreneurship fuel innovation and empower marginalized communities. Insights from their rich careers reveal the transformative power of technology in addressing poverty and the importance of trust in creating lasting positive change in overlooked regions.
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M-Pesa's Origin Story
- M-Pesa began with two key insights from a microfinance pilot and rural-urban migration needs.
- They created a trust-building agent network in village shops linked to Coca-Cola outlets for cashing out money.
M-Pesa's Massive Financial Impact
- M-Pesa evolved from money transfer to payments, savings, credit, and wealth management.
- It now processes over 60% of Kenya's GDP, with $400 billion in daily transactions and 180 million monthly transactions.
Braille Watch for Financial Access
- M-Pesa developed the first Braille dot watch for over a million visually impaired Kenyans.
- This innovation allows them to access financial services with dignity and continues M-Pesa's commitment to inclusion.