Who can open an account with DPO?
Any business owner: travel & hospitality industry (hotel, airline, travel agent, tour operator, tour guides and restaurants) and eCommerce merchant (retail, utility, can immediately open an account and enjoy DPO’s online, mobile and credit card payment processing services. Merchants can also apply for the DPO prepaid Card and for an online shop, under the DPO Store program.
Regulation of Online Payments in Nigeria
Nigerian government has launched initiatives to expand use of mobile broadband nationally and has not regulated or restricted online or mobile payments. Nigerian businesses that accept online payments must comply with the credit card companies’ standards and regulations, as well as with the Payment Card Industry (PCI) Data Security Standard.
Visa requirements call for merchants to ensure that, at a minimum, the following customer details are collected:
- The card account number
- The name as it appears on the card
- The card expiration date as it appears on the card
- The cardholder’s statement address
MasterCard requires that merchants comply with the Payment Card Industry (PCI) Data Security Standard
American Express recommends that merchants only ship to the cardmember’s billing address.
One Payment Limited ‘DPO’, is a Licensed Payment Service Provider by the Central bank of Nigeria (CBN)(AIP) under the Payment Systems Act 2007.