Acknowledges Mr M-Pesa’s work in building world’s largest mobile money system
Vodafone‘s director of mobile money, Michael Joseph, (affectionately known as Mr M-Pesa) has won a prestigious award from from PICMET (Portland International Centre for Management of Engineering and Technology) for leadership in technology management. Of course, M-Pesa – the mobile money transfer and payment service, has transformed the lives of millions of unbanked people living in emerging markets. Hence his PICMET LTM award recognises this work. Joseph joins a line of industry greats such as Jong-Yong Yun – CEO with Samsung Electronics and Intel’s Andy Grove.
“When I went to Kenya to become the CEO of Safaricom I wanted to change people’s lives for the better,” Joseph commented.
“I was determined that we would be an innovative company by design – the now world-famous M-Pesa product was the result of that thinking.”
PICMET disseminates on technology management to around 17,000 technology management specialists in academia, industry and government worldwide.
M-Pesa enables millions of people who have access to a mobile phone, but do not have access to a bank account, to send and receive money, top-up airtime and make bill payments.
M-Pesa had approximately 16.8 million active customers as of March 31st 2014 and approximately 200,000 authorised agents worldwide.
Additionally in Kenya and Tanzania, Safaricom and Vodacom Tanzania have launched a savings and loans products, in partnership with the Commercial Bank of Africa.
The addition of Romania continues the expansion of M-Pesa globally, following the launches in Egypt, India, Lesotho and Mozambique recently.