BOT ISSUES LICENSE TO NEW PAYMENT SERVICE FIRM

Leading African digital payments provider, DPO Pay, registered under One Payment Tanzania Limited has been issued with a license from Bank of Tanzania (BOT) to operate as a Payment Service Provider in Tanzania.

Kenya-based digital payments provider DPO Pay has been operating successfully throughout Africa since 2006 and was recently acquired by Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA) region.

DPO Pay Managing Director, Ms. Judy Waruiru, said the approval from the Bank of Tanzania highlights the company’s commitment to comply with 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,” Ms. Waruiru says.

She added: “We will continue to prioritise the security of transactions, adhering to stringent data protection protocols and industry best practices.”

DPO Pay provides payment solutions enabling businesses and individuals across the continent to accept both local and international payment options.

It has developed integrated payments technology to support businesses of all sizes in over 20 countries and accept payments securely and swiftly in multiple currencies and through diverse payment methods including cards, mobile money, bank transfers, USSD, and EFT.

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