Tag: Digital payments
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KCB Group Moves to Expand Digital Footprint With Riverbank Solutions Acquisition
Kenya’s banking giant, KCB Group, is set to deepen its presence in the digital payments space after securing approval from the Competition Authority of Kenya (CAK) to acquire a majority stake in Riverbank Solutions. The lender plans to take a 75% share in the local fintech, a deal valued at roughly KES 2 billion ($15…