KCB Group’s expansion drive has taken a decisive turn into financial technology, with its latest acquisition of a minority stake in payments firm Pesapal marking a deeper push into digital finance.
With regulatory approval from the Central Bank of Kenya (CBK), the country’s largest lender is set to become a minority shareholder in Pesapal, one of the region’s leading digital payment providers. The move positions KCB to capture a bigger slice of the fast-growing fintech market.
