Sakwah Kenya
Advertisement
  • HOME
  • TOP NEWS
  • BUSINESS
  • LIFESTYLE
  • TECHNOLOGY
Wednesday, January 13, 2021
No Result
View All Result
  • HOME
  • TOP NEWS
  • BUSINESS
  • LIFESTYLE
  • TECHNOLOGY
No Result
View All Result
Sakwah Kenya
No Result
View All Result
Home Business

DPO group to be bought by Network International in a $288 million deal

Sakwah Correspondent by Sakwah Correspondent
July 30, 2020
in Business
0 0
0
DPO group to be bought by Network International in a $288 million deal

DPO CEO Eran Feinstein.[Photo] .COURTESY

0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

Pan African online and mobile payments provider DPO has penned a deal for a 100% acquisition by Network International.

Network International a regional enabler for digital commerce in the Middle East and Africa will use DPO’s capabilities to leverage online, mobile and alternative payments in Africa, riding on DPO’s network of over 47,000 active merchants in 19 African countries.

In addition, the deal will enable Network International to grow its merchant and mobile network operator relationships for customers of both companies. The deal will enable DPO group to enter the Middle East market and add point of sale payments to its product portfolio. DPO group CEO Eran Feinstein termed the acquisition deal a milestone for both businesses and their customers.

“Combining the two companies will allow us to broaden our offering for new and existing customers, significantly improving capacity for Africa’s merchants to do business not only across the continent but in the Middle East as well as globally,’’ he noted.

DPO will still operate under the same brand. Moreover, the company will still maintain its employees and executive team, with its executives and shareholders becoming key stakeholders in Network International.

The acquisition will also allow Network International to accelerate its strategic framework and future growth, combining both acquiring and issuing sides to its payment solutions.

“We are excited by this acquisition which will strengthen our strategic framework by combining both of our businesses’ activities across the African market. This deal will also enhance our offering in the payments value chain by the presence on both sides of the transaction, acquiring and issuing, and accelerate our future growth. Together we have a powerful combination to accelerate digital payments across our regions and offer a one-stop-shop solution for merchants, with multiple payment acceptance methods,” Said Simon Haslam, CEO of Network International.

Tags: DPOEran FeinsteinNetwork International
Previous Post

Agha Khan seeks to acquire SEACOM shares in a Ksh 65B deal

Next Post

Desperation as rescue operations underway for 39 year old woman who drowned at Thomson falls

Next Post
Desperation as rescue operations underway for 39 year old woman who drowned at Thomson falls

Desperation as rescue operations underway for 39 year old woman who drowned at Thomson falls

Discussion about this post

Editors Choice

No Content Available

A premier Kenyan digital platform dedicated to offering Hot breaking NEWS, BUSINESS articles, latest TECHNOLOGY, Real-time POLITICAL updates and top trendy LIFESTYLE content.

Most Popular

5 enjoyable activities to do in Diani

5 enjoyable activities to do in Diani

by Amara Wakesho
September 16, 2020
0

Kenya among best places to visit in 2018

Report: Kenya among best places to visit in 2018

by admin
July 2, 2018
0

Don't Miss

Andella closes shop in Africa, opts for remote operations

Andella closes shop in Africa, opts for remote operations

by Vito Sakhile
June 30, 2020
0

Co-op bank, Laikipia County partner to launch Ksh 300 million kitty to support co-operatives and entrepreneurs in Laikipia

Co-op bank, Laikipia County partner to launch Ksh 300 million kitty to support co-operatives and entrepreneurs in Laikipia

by Kasper Adama
July 13, 2020
0

  • Privacy Policy
  • Contact Us
  • Advertise with us

© 2020 Sakwah - All Rights Reserved.Developer Avance Africa

No Result
View All Result
  • HOME
  • TOP NEWS
  • BUSINESS
  • LIFESTYLE
  • TECHNOLOGY

© 2020 Sakwah - All Rights Reserved.Developer Avance Africa

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist