DPO Launches EA payment card

By Amber Donovan-Stevens
DPO has launched a B2B payment card. The payment service provider announced that holders can use the card to settle transactions in over 10,000 outlets...

DPO has launched a B2B payment card. The payment service provider announced that holders can use the card to settle transactions in over 10,000 outlets in Kenya and Tanzania. DumaCard does not require a connection to a bank account. It can be used anywhere in Africa, and topped up via mobile money to provide smooth transactions.

Group chief executive Eran Feinstein said that the aim of the product was to build upon smooth cross-border transactions, without the delay of currency conversion. Last year, DPO Group was enabled by Mastercard last year to act as a Pan-African switch Mastercard Payments Gateway Services (MPGS), allowing DPO to authorise transactions without the need for bank integration.

“Businesses will pay and be paid securely for goods and services sourced from anywhere in Africa. Now more organisations can have the same opportunity to transact online as elsewhere in the world.

SEE MORE:

 

“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 organisations 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,” he said.

DPO was founded in 2006, and currently has 250 across 16 African countries. It works with over 45,000 merchants.

Feinstein  said that the DumaCard will also be able to settle airline and hotel fares, as well as retail purchases: “consumers can now use the card for shopping on online stores such as Amazon and Netflix and will soon settle utility bills to entertainment subscriptions.”

Share

Featured Articles

Pay Later: Does Apple's latest offering threaten BNPL?

We ask several industry insiders whether Apple Pay Later, the tech firm's foray into BNPL, threatens the market and risks marginalising smaller players.

Is Launching a Fintech Unicorn Easier than Ever Before?

With new unicorns in the fintech space emerging every week, we take a look at the traits that enable companies to scale at pace

Why BaaS is transforming the financial services space

We look at the latest changes in the BaaS space, taking into consideration new technologies, marketplace demands and changes in the financial landscape

Wealth management trends and the ‘new normal’

Financial Services (FinServ)

Innovation is driving fintech, Shuki Licht, Finastra CEO

Financial Services (FinServ)

SIX SME Banking Trends that are Disrupting the Space

Banking