The Direct Pay Online Group Expands Operations into Botswana & Namibia
10 March 2017
Nairobi, Kenya, 9 March 2017 – The Direct Pay Online Group, a leading online payments service provider in Africa, has announced today it is acquiring 100% of the equity in Virtual Card Service in Botswana and Namibia. This will be closely followed by the acquisition of 100% of VCS business in South Africa. The acquisition follows the Group’s recent acquisition of PayGate (Pty) Ltd (“PayGate”), the leading South African online payments gateway. This further expansion into Southern Africa will further embed DPO Group’s position as a leading payments solution on the African continent.
This latest transaction is the DPO Group’s second investment in Southern Africa in six months, following its investment in PayGate, and will position the DPO Group as the largest provider of online payment solutions in the African market.
The combination of PayGate and VCS under the Direct Pay Online Group will provide a single contact point for merchants looking to accept payments across the continent. Merchants will have access to DPO's services across the continent to provide bespoke development solutions and customer support in their local language; a single integration that offers their customers the broadest suite of payment options in Africa and world-class security, risk management and fraud prevention.
Source: Company Press Release