Safaricom's M-PESA receives award

Reacting to the announcement, Safaricom CEO Michael Joseph exulted in the win and congratulated the M-PESA team, saying it was a well-deserved international recognition for an innovation that had transformed millions of lives in Kenya.

“When we launched M-PESA in March 2007, it was an audacious move. We were going into uncharted territory. Today, we feel it was the right thing to do. The growth has been phenomenal, beyond our expectations. It just goes on to prove that you can never go wrong with an innovation that provides a practical answer to customer needs,” he said.