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The Bank of Tanzania (BoT) issued a licence to an African digital payments’ provider, DPO Pay, to operate as a Payment Service Provider in Tanzania. DPO Pay has been operating successfully throughout Africa since 2006 and was recently acquired by Network International.
The Bank of Tanzania (BoT) issued a licence to an African digital payments provider, DPO Pay, to operate as a Payment Service Provider in Tanzania. DPO Pay has been operating successfully throughout Africa since 2006 and was recently acquired by Network International
The DPO is registered locally under One Payment Tanzania Limited. The company has been licensed in line with the National Payment System Act, of 2015 which requires all Payment Service Providers (PSPs) to undergo a rigorous license application process to provide payment services in Tanzania.
DPO Pay managing director, Judy Waruiru said the license highlights the firm’s commitment to compliance and regulatory standards. This milestone demonstrates DPO’s dedication to driving financial inclusion and economic growth in Tanzania, empowering businesses of all sizes to thrive in the digital era. DPO will continue to prioritise the security of transactions, adhering to stringent data protection protocols and industry best practices.
DPO Pay was recently acquired by Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA) region. It has worked closely with regulators across the continent to obtain new 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 businesses in various industries including hotels and resorts in Arusha, Dar es Salaam, and Zanzibar, where it has extensive experience in the travel and tourism sector. 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.
The company’s robust security systems ensure that merchants and consumers can transact with confidence, safeguarding their sensitive information and maintaining the highest standards of integrity. With the recently updated DPO Pay Mobile app, merchants are able to collect and receive payments anywhere and anytime.
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https://trendsnafrica.com/somalia-to-experiment-with-a-new-digital-payment-system/
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 and accept payments securely and swiftly in multiple currencies and through diverse payment methods including cards, mobile money, bank transfers, USSD, and EFT.
