This archive report was first published on 8 October 2019.
Published on October 8, 2019, the Project Management Institute (PMI) has recognized Safaricom's M-Pesa as one of the top 10 most influential finance projects of the last 50 years in its 2019 Most Influential Projects list.
The list, which considered over 1,000 projects, was compiled by a group of 400 leaders in the global project management community, including PMI chapter leaders and members, as well as academics and industry experts.
According to Michael Joseph, CEO of Safaricom, 'We are honoured to receive this accolade and global recognition which is a true testament to our impact on society.' He added that the recognition further underlines M-PESA's commitment to its customers and its transformation to the country, which has seen financial inclusion in Kenya grow by more than 50 per cent in the last 12 years to stand at more than 82 per cent today.
M-PESA's impact extends through its ecosystem of more than 1,100 suppliers, 400 active dealers, and more than 167,000 agents who benefit directly from the service. It has also contributed up to Sh75 billion in revenue to Safaricom and has grown to serve more than 26 million active customers today.
