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PRESS RELEASE

DPO Group launches Africa’s first B2B Virtual and Prepaid payment
card
New DumaCard gives businesses in Africa access to new markets by enabling
online payments regionally and internationally

Arusha, Tanzania, 6 June 2019: DPO Group, a leading Payment Service Provider (PSP) in
Africa, has just launched Africa’s first business to business payment card. DPO’s DumaCard,
which is offered as a plastic card as well as in virtual form, is available initially to its 10,000
business customers in Kenya and Tanzania, with plans to roll the card out across the other 14
countries in which DPO Group operates.

Eran Feinstein, CEO, DPO Group commented, “This is an extremely exciting development
particularly for businesses in Africa – the growth of which is critical to economic development.
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.”

The announcement follows DPO’s partnership with Mastercard allowing DPO Group, in
collaboration with banks, to be able to issue physical and virtual cards. Last year, Mastercard
also enabled DPO Group to act as a Pan-African switch via Mastercard Payments Gateway
Services, (MPGS) meaning it can independently authorise transactions with no need for bank
integration.

The DumaCard can be used by merchants as a single or multiple-use card and can be topped
up regularly using mobile money so users do not have to have a bank account in order to be
able to use the card. As a multi-currency card, it can be used across Africa as well as
internationally, and in local currencies. It can also be customised to allow merchants to pay
single or multiple recipients. The company expects the DumaCard to be particularly popular
amongst its travel partners (tour operators & airlines) who will use the card to pay international
airlines and global distribution systems.

The virtual card, which is the first of its kind in Africa, provides merchants with a 16-digit card
number, expiry date and security code linked to their DPO payments system. This offers
vendors in Africa and across the world a flexible and secure way to pay. DPO has developed
highly sophisticated, end-to-end fraud prevention and risk management systems, and holds
PCI DSS Level 1 Certification in all 16 markets in which it operates.

In future, individuals will also have access to the DumaCard to make and receive payments
for everything from household bills to entertainment subscriptions. For the first time,

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consumers will be able to use the card for shopping on online stores such as Amazon and
Netflix, bringing consumers in Africa access to e-commerce opportunities previously
unavailable to them. The card will be showcased at East Africa’s largest tourism fair, the
Karibu Kilifair held in Arusha, Tanzania.

DPO’s goal is to provide all businesses with the option to transact effortlessly worldwide, and
to support greater financial inclusion across the continent. DPO enables merchants to accept
payments from all modes of payments, including mobile money, prepaid cards, debit and credit
cards, and in all major currencies. The DumaCard is an additional solution on DPO’s payment
platform, through which it aims to close the gap between merchants and their customers by
providing businesses with the technology to support real-time payments through a single
platform and using various modes of payment, including via virtual terminals, website
integration and online invoicing.

[ENDS]
About DPO Group

DPO Group 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 with all currencies and payment methods, including major cards, mobile money and e-
wallets. DPO Group currently works with 45,000 merchants, including 60+ airlines, hotels,
restaurants and travel agents all over Africa. The company was founded in 2006 and since
then it has grown to be a pan-African PSP with 250 employees and a presence in 16 African
countries. The Group has seen a 500-fold increase in transaction volumes over the past three
years and plans to be operating in 28 African countries within the next four years. It has made
a series of strategic acquisitions including, in 2016, DPO PayGate, South Africa’s most
prominent PSP. DPO Group has developed a sophisticated end-to-end fraud prevention
system and holds PCI DSS Level 1 Certification, the highest level of certification as set out by
the industry standards, in each of the countries in which it operates. DPO’s merchants include
global players such as Expedia and Booking.com, as well as small to medium enterprises,
and by providing its merchants with the capacity to make and accept payments effortlessly,
DPO aims to support financial inclusion and economic development on the continent.

www.directpay.online

Contacts:
Anna McShane, Gong Communications
E: anna@gongcommunications.com T: +44 (0) 20 7935 4800 M: +44 (0) 7766 256538

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