The leading payments subsidiary, One Payment Tanzania (DPO Pay), has been issued its license following a thorough application process with the Tanzania regulator to become a Payment Service Provider (PSP).
Dar es Salaam, Tanzania, 11 July 2023: Leading African digital payments provider, DPO Pay, registered under One Payment Tanzania Limited, has received approval from the Bank of Tanzania to operate as a Payment Service Provider (PSP) in the country. The National Payment System Act 2015 requires all PSPs to undergo a rigorous license application process to provide payment services in Tanzania.
DPO Pay has been operating successfully throughout Africa since 2006 and has recently been acquired by Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA) region. The payments provider has worked closely with regulators across the continent to obtain licenses, as requirements vary in each country, to ensure secure and uninterrupted services for its merchants and partners.
DPO Pay has gained significant recognition and trust among prestigious hotels and resorts in Arusha, Dar es Salaam and Zanzibar, where it has extensive experience in the travel and tourism sector. In addition, the company has established itself as the preferred PSP for major regional merchants, including Airlines, Hotels, online retailers, and logistics companies. With a firm focus on expanding its network, DPO Pay continues to seek collaboration with top-tier businesses and brands and cater to the diverse needs of merchants across various industries.
Managing Director of DPO Pay, Judy Waruiru, commented: “We are pleased to receive this approval from the Bank of Tanzania, highlighting our steadfast commitment to compliance and regulatory standards. This milestone further demonstrates our dedication to driving financial inclusion and economic growth in Tanzania, empowering businesses of all sizes to thrive in the digital era. We will continue to prioritise the security of transactions, adhering to stringent data protection protocols and industry best practices.”
The company’s robust security systems ensure that merchants and consumers can transact with confidence while safeguarding its sensitive information and maintaining the highest standards of integrity. With the recently updated DPO Pay Mobile app, merchants can collect and receive payments anywhere and anytime.
DPO Pay provides efficient payment solutions enabling businesses and individuals across the continent to accept both local and international payment options. It has developed integrated payments technology to support businesses of all sizes in over 20 countries. It accepts payments securely and swiftly in multiple currencies and through diverse payment methods, including cards, mobile money, bank transfers, USSD, and EFT.
DPO Pay is a leading African Payment Service Provider (PSP) which has developed the technology to enable businesses and individuals across the continent to make payments online and offline with all currencies and payment methods. DPO Pay currently works with over 60,000 active merchants, including airlines, hotels, restaurants, and travel agents, as well as eCommerce all over Africa. The Group was founded in 2006, and since then, it has grown to be a pan-African PSP with more than 400 employees and a presence in 21 African countries. By providing its merchants of all sizes with the capacity to make and accept payments effortlessly, DPO supports financial inclusion and economic development on the continent.
About Network International
Network International comprises a group of companies and is the leading enabler of digital commerce across the Middle East and Africa (MEA) region, providing a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services. Network International Holdings Plc (LSE: NETW) is the holding company for Network International and the group companies, including DPO Pay.
Contacts
Media DPO Pay enquiries:
Janet Ndugire, Gong Communications
E: [email protected] M: + 254 (0) 721 230 926
