Browsing: DPO Group

The licensing follows a solid end to 2021, which saw DPO partner with a global leader in travel technology, Amadeus. Customers can now accept local payments, including via mobile money and card payments, allowing international airlines to operate locally and African airlines to expand globally. As a result of the partnership, DPO is connected to multiple regional and international airlines via Amadeus’s airline passenger system.

DPO Group plans to Further extend its growth in 2022, targeting new product innovation and territory launches.

The increased partnerships momentum follows the 2021 landmark acquisition by Network International, a globally renowned facilitator of e-commerce in the Middle East and Africa region.…

By the time Safaricom launched M-Pesa payments in 2007, the market for digital payment in Africa was barely scratched. With poor internet connections, defragmented payments systems, and a non-existent online-based customer base, the continent was in darkness.

In 2006—prior to the launch of M-PESA, the leading local mobile money transfer service—only 18.5 percent of Kenyans used formal services (i.e., mostly bank accounts), 8.1 percent used semi-formal services (such as those provided by microfinance institutions), 35.0 percent used the informal sector (rotating savings and credit associations), and no less than 38.3 percent were completely excluded.

A decade later, the industry has expanded rapidly, giving birth to new entrants who have pushed the worth of this sector to billions of dollars and other billions exchanged through various platforms. These include the use of mobile money, credit cards, virtual cards, instant bank transfers, and QR codes.

The global digital payments market size is …

Many companies are thus rushing to claim a share of this market as the global banking industry earnings shrink.…

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 …