Mastercard, DPO Group to boost Pan-African merchant payments
London, Jan. 1, 2019 (AltAfrica)- Global payments and technology company, MasterCard and an Africa’s leading payment service provider, DPO Group, have announced a collaboration to enable more than 40,000 African merchants to accept Mastercard payments, connecting more people and businesses to the global economy.
According to a statement on Monday, the collaboration will enable DPO to act as a Pan-African switch by using the Mastercard Payments Gateway Services and assist it to independently authorise transactions without any bank integration required.
The statement said Mastercard, through its solutions, would enable payment partners like DPO to easily and securely accept a wide range of digital payment methods from all over the world and for numerous industries online, in-person and via mobile.
It added that the collaboration would improve merchant benefits like seamless and secure digital payment acceptance; access to cutting-edge technologies; fraud management, and global connectivity through recognised payment methods.
“Mastercard’s partnership with DPO is an important milestone in our vision to financially include every African. Our partnerships with DPO and other key FinTechs across Africa, allows Mastercard to speed up building of the acceptance railroads that will drive the growth of secure and convenient electronic payments. This in turn acts as the engine that drives faster economic growth across the continent for the benefit of millions of Africans,” the Division President for Sub-Saharan Africa, Raghav Prasad, said.
DPO Group Chief Executive Officer, Eran Feinstein, added, “By enabling both customers and merchants to transact securely online and offline, we are able to facilitate the growth of businesses across Africa. With the right pan-African technology partners, we’ve managed to turn online transactions to a preferred choice of conducting business across all industries.” Agency