Leading online payments processor in East Africa, the Direct Pay Online Group, (“DPO Group”) – formerly known as 3G Direct Pay Limited – has announced it has merged with PayGate, the leading South African online payments processor.
The merger will allow DPO Group to build a pan-African payments platform with a presence across eight countries and processing ability in a further 24 countries, and help accelerate the growth of online payments in Africa.
Also, it will provide a single contact point for merchants looking to accept online payments across the continent – they will have access to more than 60 DPO Group employees across the continent to provide bespoke development solutions and customer support in their local language.
This will in turn ensure customers have access to the broadest suite of payment options in Africa and world-class security and fraud prevention.
“We are excited about the opportunity to partner with the DPO Group in building the market-leading payments processor in Africa,” said Peter Harvey, the Managing Director of PayGate.
He added, “The merger is a landmark transaction for PayGate and a reward for our dedication to building the best-in-class platform and maintaining excellent customer service for our merchants. This is also an incredible opportunity to support our clients’ expansion across the African continent through additional on-the-ground coverage across the Group’s countries of operation.”
Harvey will continue lead to DPO Group’s activities in the South Africa Common Monetary Area, helping grow to the Group’s business in its current markets and into new markets.
This merger comes after the recent investment into the DPO Group by Apis Growth Fund I, a private equity fund managed by Apis Partners LLP (“Apis”), a private equity asset manager focused on financial services in the growth markets of Africa and Asia.