KCB Group Plc has announced plans to acquire a minority stake in Pesapal Limited, a leading payment service provider licensed by the Central Bank of Kenya (CBK).
In a statement dated October 31, 2025, the lender said it had entered into an agreement to invest in Pesapal, marking a strategic move aimed at deepening its presence in the digital payments ecosystem.
Pesapal, which provides payment solutions for merchants and consumers across Kenya and the wider region, is expected to benefit from KCB’s financial expertise and network reach. The partnership will focus on developing innovative payment and related solutions tailored for small and micro enterprises — a key growth segment in Kenya’s economy.
“The investment sets the stage for the development of innovative payment and other related solutions for Kenya’s small and micro enterprises, enhancing value for shareholders of both Pesapal and KCB,” said Bonnie Okumu, KCB Group General Counsel and Company Secretary.
The transaction remains subject to customary conditions, including regulatory approval from the Central Bank of Kenya.
If approved, the move will strengthen KCB’s push into the fintech space and further its digital transformation strategy, as traditional banks increasingly partner with tech-driven firms to expand access to financial services.
