KCB to acquire Pesapal stake in East African payments push

KCB Buys Pesapal for Digital Payments in East Africa

KCB Group is awaiting regulatory approval to acquire a stake in regional payments company Pesapal as part of its strategy to expand its merchant payments presence across East Africa. The bank’s Chief Executive Officer, Paul Russo, revealed the planned investment during an investor briefing in Nairobi on Wednesday, where he talked about plans to support … The post KCB Group Eyes Stake in Pesapal for Digital Payments in East Africa first appeared …

KCB to acquire Pesapal stake in East African payments push

KCB Group, Kenya’s largest bank by assets, is awaiting regulatory approval to acquire a stake in regional payments startup Pesapal as the lender expands into merchant payments across East Africa. Chief executive Paul Russo disclosed the planned transaction during an investor briefing in Nairobi on Wednesday, where the bank outlined investments aimed at driving its next phase of growth. “We are waiting for regulatory approval [to complete the acq…