Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Friday, May 27, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
DPO Tanzania- The Exchange

DPO Tanzania- The Exchange

DPO Group launches first B2B virtual payment card

New DumaCard gives businesses in Africa access to new markets by enabling online payments regionally and internationally

by Kawira Mutisya
June 7, 2019
in Countries, Kenya, Tanzania
0
Share on FacebookShare on LinkedIn

Africa’s leading payment solutions provider, DPO Group has launched Africa’s first business to business virtual payment card.

Dubbed DPO’s DumaCard, the payment card which is offered as a plastic card as well as in virtual form, is available initially to its 10,000 business customers in Kenya and Tanzania, with plans to roll the card out across the other 14 countries in which DPO Group operates.

According to the DPO Group CEO Eran Feinstein, this is an extremely exciting development particularly for businesses in Africa – the growth of which is critical to economic development.

“Our goal is to support the growth of businesses throughout Africa by allowing them to pay and be paid securely and effortlessly throughout the continent and internationally, ensuring that more organisations in Africa are financially included and have the same opportunity to transact online as elsewhere in the world. The DumaCard is another of our innovations enabling this.” Said Mr Feinstein.

DPO is a leading Payment Service Provider (PSP) in Africa, and made the announcement it’s partnership with Mastercard allowing DPO Group, in collaboration with banks, to be able to issue physical and virtual cards.

Last year, Mastercard also enabled DPO Group to act as a Pan-African switch via Mastercard Payments Gateway Services, (MPGS) meaning it can independently authorise transactions with no need for bank integration.

According to a statement by the company, the DumaCard can be used by merchants as a single or multiple-use card and can be topped up regularly using mobile money so users do not have to have a bank account in order to be able to use the card. As a multi-currency card, it can be used across Africa as well as internationally, and in local currencies. It can also be customised to allow merchants to pay single or multiple recipients. The company expects the DumaCard to be particularly popular amongst its travel partners (tour operators & airlines) who will use the card to pay international airlines and global distribution systems.

“The virtual card, which is the first of its kind in Africa, provides merchants with a 16-digit card number, expiry date and security code linked to their DPO payments system. This offers vendors in Africa and across the world a flexible and secure way to pay. DPO has developed highly sophisticated, end-to-end fraud prevention and risk management systems, and holds PCI DSS Level 1 Certification in all 16 markets in which it operates.” The statement reads in part.

The card will be showcased at East Africa’s largest tourism fair

In future, individuals will also have access to the DumaCard to make and receive payments for everything from household bills to entertainment subscriptions. For the first time, consumers will be able to use the card for shopping on online stores such as Amazon and Netflix, bringing consumers in Africa access to e-commerce opportunities previously unavailable to them. The card will be showcased at East Africa’s largest tourism fair, the Karibu Kilifair held in Arusha, Tanzania.

DPO’s goal is to provide all businesses with the option to transact effortlessly worldwide, and to support greater financial inclusion across the continent. DPO enables merchants to accept payments from all modes of payments, including mobile money, prepaid cards, debit and credit cards, and in all major currencies.

The DumaCard is an additional solution on DPO’s payment platform, through which it aims to close the gap between merchants and their customers by providing businesses with the technology to support real-time payments through a single platform and using various modes of payment, including via virtual terminals, website integration and online invoicing.

Also Read: Evaluating Kenya’s new digital economy blueprint

Tags: B2B virtual payment cardDigital payment systems in East AfricaDPO GroupDumaCard

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Kawira Mutisya

Yvonne Kawira is an award winning journalist with an interest in matters, regional trade, tourism, entrepreneurship and aviation. She has been practicing for six years and has a degree in mass communication from St Paul’s University.

Related Posts

Countries

Africa Day: What the continent has achieved post colonialization!

May 25, 2022
enaira binance www.theexchange.africa
Countries

How Africans will benefit by investing in Crypto and not CBDCs

May 24, 2022
www.theexchange.africa
Countries

Kenya: KEMSA Appoints New CEO as Part of Ongoing Reforms

May 23, 2022
Next Post

Canadian angel impact network registers a key exit in Ethiopia

Vodacom Tanzania Managing Director, Hisham Hendi (centre) speaking to the media during a press conference to announce the company’s preliminary results- The Exchange

Mpesa, data push up profit for Vodacom Tanzania

Renewable energy Uganda

More than a million Kenyans to have access to solar energy




This months edition

May Edition

Features

EdTech role in African development
Tech & Business

EdTech’s role in African development

by Kanyali Muthui
May 16, 2022
0

Due to the pandemic, the topic of innovation in education has never been more crucial.  While most developed countries moved...

Read more
investment in African science and technology
Tech & Business

Investing in Africa’s science and technology: Where are we now?

by Kanyali Muthui
May 16, 2022
0

The continent’s digital revolution can largely be driven by building the necessary skills for the short- and long-term future, and...

Read more
Fintech revolution in Africa
Tech & Business

The Fintech Revolution in Africa’s FX Markets

by Kanyali Muthui
May 11, 2022
0

With over 548 million registered mobile money users in sub-Saharan Africa, increased internet access and readily available mobile money solutions,...

Read more
www.theexchange.africa
Countries

US – Nigeria Trade Relations: An Overview

by Wanjiku Njugunah
May 2, 2022
0

Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total goods trade as of...

Read more
A previous conference for African Insurtech sector. The Insurtech boom is deepening insurance uptake in Africa. www.theexchange.africa
Tech & Business

Insurtech boom deepening the uptake of insurance in Africa

by june njoroge
May 2, 2022
0

Kenya-based Pula is another distinguished insurtech making waves in the continent. It provides small scale farmers with agricultural insurance and...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In