The Kenyan payment solutions firm has continued Southern Africa expansion with the acquisition of PayThru South Africa
The acquisition strengthens Direct Pay Online's position as the leading e-commerce group in Africa.
Direct Pay Online was established in Kenya in 2006 and has since expanded to Uganda, Rwanda, Zanzibar, Tanzania, Ethiopia, Zambia, South Africa, Zimbabwe, Namibia, and Botswana. The Group processes merchant payments, mobile money, and e-wallets, and holds PCI DSS Level 1 Certification, the highest security certification in the global payment cards industry.
Commenting on the investment, Offer Gat, the DPO group chairman said: “Investing in market leading businesses in the online payments space is a core pillar of our growth strategy. Our vision is to provide one payment solution across Africa and this acquisition brings us one step closer to that goal.”
PayThru was established in South Africa in 2010 and is a subsidiary of PayThru UK. The company’s knowledge and expertise serving the South African market over the past six years has led them to sign a number of high-quality online businesses with transaction volumes growing steadily month on month. DPO’s acquisition of PayThru means that these clients, including online retailers TakeALot.com, Superbalist.com and online food delivery service Mr. Delivery, will all be served by the DPO group.
