Through the partnership, DPO Group will leverage Mastercard’s digital payments technology to make digital payments methods safe and secure, facilitating the processes locally and internationally.

The partnership will also help International companies and SMEs, contributing to the growth of the economy, to process payments via a simple integration to a single platform, equipped with strong protection against online fraud and support for refunds, chargebacks and more.

These companies will have access to the DPO store, an e-commerce plug-and-play solution available in more than 20 countries in which DPO operates.

As part of the partnership, DPO and Mastercard will provide training for Ghanaian firms and entrepreneurs on how to maximise business growth and manage risk with smart use of digital payments.

Eran Feinstein, CEO of DPO Group, said: “Ghana is an exciting market for digital payments and innovation, and we’re delighted to launch our advanced payment solutions to offer entrepreneurs smooth and secure payment services. We are grateful to our strategic partner Mastercard for their support. Together we look forward to supporting businesses as they grow and reach new customers.”

Manasseh Narh, DPO’s head of business development and country manager for Ghana, added that the company is thrilled to launch its partnership in Ghana.

“We know our products can support the ambition and growth goals of Ghanaian businesses of all sizes, and we look forward to partnering with them to offer secure payment technology in a rapidly growing digital payments marketplace.”

This collaboration plays a role in advancing Mastercard’s worldwide commitment to financial inclusion to bring a total of 1 billion people, and 50 million micro and small businesses into the digital economy by 2025.

“We recognise the overwhelming pressure that business owners are currently facing and are committed to supporting them as they adapt to meet ever-evolving customer needs.”

“This collaboration has the potential to empower every business with the tools they need to take their operations online and be more competitive in the ever-expanding digital economy,” commented Bossman Kwapong, country director, Ghana, Mastercard.

E-Commerce has seen significant growth in Ghana in recent years, with the value of digital transactions increasing by 120% between February 2020 and February 2021.

The adoption and use of Mobile Money have been central to this growth, and DPO’s payments platform supports this payment method alongside traditional currencies and payment methods.

DPO Group was acquired by Network International in 2021 in a landmark deal for the African payments space. It continues to operate under the same brand in existing territories, and will be launching a new comprehensive payment solution, ‘DPO Pay’ for businesses across Africa and other territories.

This license enables the DPO Group to operate as an independent payment solutions services company in Nigeria as it does across over 20 other countries in Africa. DPO offers merchant aggregation services to over 60,000 active merchants, including e-commerce companies, airlines and travel agents.

Local and global businesses trust DPO Group because its robust and reliable network allows merchants to accept payments in the currency of their choice. Working across local and international channels, DPO also offers strong protection against fraud and helps merchants manage refunds, chargebacks and more.

E-commerce has seen significant growth in Nigeria in recent years, due to high levels of internet penetration combined with being one of the largest digital economies on the continent. Digital payments make up the large majority of payment volumes in the country, and volumes are expected to reach 7.7 billion by 2025, representing a growth of 45% from 2019.

Eran Feinstein, CEO of DPO Group, commented, “Nigeria represents a key market for any business with a digital focus, as one of the most innovative African countries when it comes to fintech and eCommerce. This new licence is an exciting development which will allow us to offer an even smoother payment process for Nigerian businesses looking to grow and reach more customers through secure digital payments.”

DPO Group was acquired by Network International in 2021 in a landmark deal for the African payments space. It continues to operate under the same brand in existing territories, and will be launching a new comprehensive payment solution, ‘DPO Pay’ for businesses across Africa and other territories.

DPO’s country manager in Nigeria – Chidinma Aroyewun said, “This licence provides an exciting opportunity for us at DPO. It allows us to work with tens of thousands of Nigerian businesses and help them achieve their growth goals through secure payment technology.”