In a TED Talks Daily episode, Elise Hu introduces a conversation between Jacqueline Novogratz, an impact investor, and Sitoyo Lopokoiyit, CEO of M-PESA, Africa's largest fintech platform. They discuss how M-PESA revolutionized financial access across Africa, starting from its origins in solving the problem of sending money home and its expansion into utilities, savings, lending, and international money transfers. Sitoyo highlights M-PESA's moral imagination, citing examples like creating Braille watches for visually impaired individuals and the Financial Inclusion Fund. The conversation also touches on how M-PESA's platform has enabled advancements in clean energy and agriculture, reducing corruption and improving farmers' livelihoods. They reflect on the leadership of Bob Collymore and the importance of developing AI solutions relevant to Africa to avoid a new form of colonialism.
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