DPO Group, the leading African Payment Service Provider (PSP) has today announced its acquisition of PayFast, one of the largest payment processors in South Africa. The deal by the Nairobi headquartered DPO Group was executed through a mix of shares and cash, with the PayFast management team remaining key shareholders in DPO Group. Following the transaction, DPO Group will be providing services to over 100,000 merchants across 18 African markets.

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