Tanzania: DPO Launches B2B Virtual, Prepaid Payment Card in Kenya and Tanzania

7 June 2019

Money Transfer

DPO Group has launched a business to business payment card dubbed, 'DumaCard', which is offered as a plastic card as well as in virtual form, 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.

Eran Feinstein, CEO, DPO Group commented, "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."

The announcement follows DPO'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.

Source: CIO