Afrikan payments technology company Direct Pay Online Group (DPO) have announced that they wik be expanding into Botswana and Namibia as they will be acquiring Virtual Card Service' (VCS) operations in Botswana and Namibia.
“The VCS team have built a leading market position in the Botswanan and Namibian payments landscapes by offering a distinguished suite of services to all organisations requiring automated, high volume and secure card payment processing. We look forward to working together to continue the Group’s growth story and expanding further within Africa.” said Offer Gat, DPO Group Chairperson.
The acquisition of VCS operations Botswana and Namibia will be followed by DPO acquiring 100% of VCS operations in South Africa. The acquisition follows the group’s recent acquisition of PayGate (Pty) Ltd, the leading South African online payments gateway. The further expansion into southern Africa will further embed DPO Group’s position, as the leading payments solution on the African continent.
“I am excited to be part of the DPO Group. We were drawn to the group’s experience in the online payments processing arena and its deep understanding of Africa. As a management team, we believe that the firm’s knowledge of what it takes to be successful in our markets and its proven track record of having built the business over 20 years" said Gordon Ashby, CEO and major shareholder in VCS.
VCS was established in South Africa in 1996 and expanded into Botswana in 2008 and Namibia in 2010. The payments echnology company develops and implements credit, debit and smart card processing systems for major card issuers in Southern Africa.