Mastercard partners Firm to Boost Payments

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Mastercard collaborates with DPO Group to get more than 40,000 African merchants to accept its payment that will connect them to more business to the global economy

 

MASTERCARD and DPO Group are partnering to enable more than 40,000 African merchants to accept its payments in a move that will connect more people and businesses to the global economy.

The partnership is expected to enable DPO act as a Pan-African switch by using the Mastercard Payments Gateway Services, MPGS. DPO would now be able to independently authorise transactions without any bank integration required.

Through the solution, Mastercard will 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. The collaboration seeks to enable both small and medium enterprises, SMEs, which are critical to the growth of the African economy and global enterprises, to better process payments across Africa via a simple integration to a single platform.

The collaboration between Mastercard and DPO would improve merchant benefits like seamless, secure digital payment acceptance; access to cutting-edge technologies; fraud management, and global connectivity through recognised payment methods.

Raghav Prasad, division president for Sub-Saharan Africa, Mastercard, said in a statement that, “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.”

Also, Eran Feinstein, Group CEO, DPO, said, “By enabling both customers and merchants to transact securely online and offline we’re 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.”

– Dec. 14, 2018 @ 16:06 GMT |

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