DPO Group acquires PayFast in major deal for African online payments sector

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.

DPO Group launches Africa’s first B2B Virtual and Prepaid payment card

New DumaCard gives businesses in Africa access to new markets by enabling online payments regionally and internationally. Arusha, Tanzania, 6 June 2019: DPO Group, a leading Payment Service Provider (PSP) in Africa, has just launched Africa’s first business to business payment card. DPO’s DumaCard, which is offered as a plastic card as well as in […]

PayGate re-brands to DPO PayGate, extends reach into Africa

In a further move to optimise its service offering, DPO Group (Direct Pay Online) will be rolling up its Southern African payment service providers (PSP’s) group into the consolidated brand of DPO PayGate. In August 2017, DPO announced its acquisition of PayGate South Africa and Virtual Card Services (VCS) South Africa. The deal followed its […]