Kenyan based online payment processor, Direct Pay Online Group (DPO Group), has established a new branch in Addis Ababa, Ethiopia.
The new branch, in Bole, opened its doors in April 2017 and will become the base for the firm’s operations in the country. This base gives the DPO Group the presence needed to support its current Ethiopian clients and to recruit new ones.
Eran Feinstein, the DPO Group CEO said the Horn of Africa market is a key growth area for the firm.
“We are excited about the potential for our business. The investment in the new Addis branch validates the strength of our group and supports our vision of building the leading pan-African payment processor. We aim to expand our local presence to more than 10 countries across East, West, and Southern Africa this year, and to offer merchant acquiring abilities in 25 countries across the whole continent until the end of 2018,” Said Feinstein.
The DPO Group provides a seamless and scalable online payment solution for all card and mobile payments regardless of geography, payment type or platform.
“Since it was founded, the DPO Group has sought to empower African businesses to efficiently sell their products online and receive payments through a wide variety of methods,” added Feinstein.
The DPO Group, launched operations in Kenya in 2006 and quickly expanded to the rest of East Africa. In 2016 it acquired PayGate, the leading South African online payment processor, and in March 2017 expanded operations to Namibia and Botswana, by acquiring 100 percent of the equity in Virtual Card Service (“VCS”).
The Group serves over 20,000 clients in Africa, including over 50 airlines, thousands of hotels, travel agents, tour operators, e-com players and other sectors. It processes payments from all major credit cards, mobile money, bank transfer and e-wallets.