KCB Group has signed an agreement to acquire a minority stake in Pesapal Limited, a move aimed at expanding its footprint in fintech and digital financial services.

• The deal, announced on October 31, is subject to regulatory clearance from the Central Bank of Kenya (CBK).
• The investment will foster the development of innovative payment solutions for Kenya’s small and micro enterprises.
• Pesapal is a key player in providing online and in-store payment solutions, including point-of-sale systems.