The licence allows DPO Pay to become a payment service provider in Tanzania
DPO Pay, an Africa-based payment gateway, has received approval from the Bank of Tanzania to operate as a payment service provider in the country.
Its payment solutions enable businesses and individuals to accept local and international payments, through cards, mobile money and electronic transfers.
The company is used by more 60,000 merchants, including airlines, hotels, online retailers and logistics companies and is focused on expanding its network.
Founded in 2006, DPO Pay operates in 21 countries throughout Africa, with headquarters in Kenya and South Africa, and its international office in Dublin, Ireland.
Network International acquired the payment provider in 2021 and increased its presence in the MENA region in the process.
DPO Pay has worked closely with regulators across the continent to obtain licences, as requirements vary in each country.
Judy Waruiru, managing director of DPO Pay, commented: “We are pleased to receive this approval from the Bank of Tanzania, highlighting our steadfast commitment to compliance and regulatory standards.
“This milestone further demonstrates our dedication to driving financial inclusion and economic growth in Tanzania, empowering businesses of all sizes to thrive in the digital era.
“We will continue to prioritise the security of transactions, adhering to stringent data protection protocols and industry best practices.”