Pesapal Archives – CEO East Africa

A photo collage of Paul Russo, KCB Group CEO, Mark Mwongela Ngungi, a former PesaPal CEO and ex-PayPal executive, as its Group Director of Strategy and Innovation, and Pesapal Founder Agosta Liko.

From Three Transactions to a Banking Stake: How PesaPal’s 16-Year Grind Earned KCB’s Fintech Bet

Kenya’s largest lender, KCB Group Plc, has taken a calculated leap into the fintech frontier with the acquisition of a minority stake in PesaPal Limited, a leading regional payments company licensed by

November 4, 2025

The Big Story

As part of the API upgrade to Pesapal 3.0, Pesapal has adopted the 3-D Secure processing for card payments and introduced Sim Tool Kit for mobile money payments.

Pesapal upgrades core system to accelerate payment security

Pesapal, a payment solutions provider with operations in Uganda and across East Africa, has upgraded its Application Programming Interface (API) to Pesapal 3.0, allowing for the delivery of enhanced security features as

October 4, 2022

News & Analysis