Nairobi, Sept. 21 -- KCB Group will acquire a 22.23 percent stake in digital payments service provider Pesapal, as the bank accelerates its push into fintech amid intensifying competition in the payments space.

KCB announced last November that it had signed an agreement to acquire an undisclosed minority stake in Pesapal, which operates in Kenya, Uganda, Tanzania, Rwanda, and Zambia.

Published by HT Digital Content Services with permission from Business Daily....