Mobile payment lessons from the Central Bank of Kenya’s m-pesa
Central banks around the world are seeking to launch publicly run payment systems or central bank digital currencies. These projects aim to improve financial inclusion, reduce cash reliance and provide cheap, safe, efficient and reliable digital payments. The m-pesa stands out as a success story in mobile money banking and should be studied as an example of how to achieve these objectives.
Sheila M’Mbijjewe, former deputy governor at the Central Bank of Kenya, joins OMFIF to explore the achievements of the m-pesa. We will explore how lessons around achieving financial inclusion, gaining public trust, mitigating risk of crime and keeping solutions adaptable to an evolving environment may be applied to other CBDC or public payments projects.
Speakers
Sheila Mmbijjewe
Deputy Governor
Central Bank of Kenya (2015-23)
Sheila Mmbijjewe
Deputy Governor
Central Bank of Kenya (2015-23)
Sheila M’Mbijjewe was deputy governor of Central Bank of Kenya. In this role, she was part of the leadership of a team that oversaw significant changes in the Kenyan financial system. In addition to her work at CBK, she was also board member of the African Stability Board, founding member of the Kenyan Monetary Policy Committee and the Monetary Policy Advisory Committee.
Timings
14:00 – 15:00 GMT (London)
22:00 – 23:00 SGT (Singapore)
09:00 – 10:00 EST (New York)