Safaricom has recalled Sitoyo Lopokoiyit, who left the telco in April 2016 to become the director of m-commerce and MPESA for Vodacom Tanzania, back to the company to take charge of MPESA.
Until March 2016, Lopokoyit was Safaricom’s head of department in charge of financial services (MPESA), a position he held for almost 5 years before he was picked to head m-commerce and MPESA services at Vodacom Tanzania.
(TOP: Sitoyo Lopokoiyit, Safaricom’s new head of MPESA).
He now rejoins Safaricom as the head of financial services, effectively taking over from Ronald Webb who left the firm in mid last year after leading the MPESA unit for less than one year.
According to details of an internal memo quoted by Business Standard, Lopokoiyit has been appointed as Director of Financial Services, effectively taking over the role from Brian Wamatu who has been holding the position in an acting capacity since Ronald Webb’s departure.
Lopokoyit becomes becomes the fifth person to head MPESA since the launch of the platform in 2007. Others who have previously held the role include Pauline Vaughan, Peter Arina, Betty Mwangi-Thuo and Ronald Webb.
According to the latest industry stats, which cover the period between July to September 2017, the number of active mobile money transfer subscriptions and registered agents in Kenya stood at 28.1 million and 184,537 respectively. A total of 537.2 million transactions (sending and withdrawals) were made during the period, all valued at Kshs 1.65 trillion. Mobile commerce transactions which include Customer-to-Business (C2B), Business-to-Customer (B2C) and Business- to-Business (B2B) stood at 352.4 million and were valued at Kshs 714.3 billion. Person- to-Person (P2P) transfers amounted to Kshs 544.1 billion.
In terms of agent outlets, Safaricom’s MPESA accounted for over 148,000 outlets followed by Airtel Money with 14,000 agents. Telkom returned no agency numbers as its previous service, Orange Money, has since been deactivated as part of the rebranding and launch of a new platform, T-Kash.