Rinchi
TechInAfrica – Africa’s leading Payment Service Provider (PSP), DPO Group, has launched business-to-business payment card, DumaCard. It’s the first in Africa, offered as a plastic card and in virtual form. The new payment card is available to its 10,000 business customers in Kenya and Tanzania. Additionally, the company also plans to roll out the payment card in other 14 countries where DPO Group operates.
“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 organizations 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,” said CEO of DPO Group, Eran Feinstein.
The DumaCard can be used either as a single card or multiple-use card. Merchants can top it up regularly via mobile money to allow users with no bank account to use the card. As it is a multi-currency card, it can also be used across Africa and internationally in local currencies.
According to DPO Group, the DumaCard hopefully can be popular among tour operators and airlines who use the card to pay for international airlines and global distribution systems.
DumaCard provides a 16-digit card number, expiry date, and security code linked to merchants’ DPO payments system. The solution offers a more flexible and secure way to pay.
In the future, consumers will be able to use DumaCard to make and receive payments for other activities, including household bills and entertainment subscriptions. Using the card, consumers can pay with the card for shopping online like Amazon and pay for a subscription on Netflix.
Source: innovation-village.com
