Kenya based Direct Pay Online (DPO) acquires SA’s PayFast, a payment firm

Nairobi-based online payment service provider Direct Pay Online (DPO) has acquired PayFast, a payment processor based in South Africa. A statement said the transaction by the DPO Group was executed through a mix of shares and cash, with the PayFast management team remaining key shareholders in the Group. Following the transaction, DPO Group said it will be providing services to over 100,000 merchants across 18 African markets. “The integration of PayFast into DPO’s services will increase the range of payment options available to DPO’s business customers, whilst providing a Pan-African…

Read More