DPO (Direct Pay Online) Group is a leading Payment Service Provider (PSP) in Africa and has instituted Africa’s first business to business payment card.
CEO of DPO Group, Eran Feinstein says “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 organizations 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.”
DPO’s DumaCard, which is offered as a plastic card as well as virtual form, is available 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.
The announcement follows DPO’s partnership with Mastercard allowing DPO Group, in collaboration with banks, 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), which means it can independently authorize transactions with no need for bank integration.
The DumaCard can be used by merchants as a single or multiple-user card and can be topped up regularly using mobile money so users don’t need a bank account to use the card.
As a multi-currency card, it can be used across Africa as well as internationally, and in local currencies. It can also be customized to allow merchants to pay single or multiple recipients. The company expects the DumaCard to be well known amongst its travel partners (airlines and tour operators) that will make use of the card to pay international airlines and global distribution systems.
DPO has developed highly sophisticated, end-to-end fraud prevention and risk management systems, and holds PCI DSS Level 1 Certification in all 16 markets in which it operates.