Tag: dpo group

Network International to acquire online commerce platform DPO for $288mn

Yesterday it was announced that online commerce platform, DPO Group has entered into an agreement to be acquired by Network International. The deal, in which the latter is set to acquire 100 per cent of DPO for approximately $288 million, will see the company supporting Network International’s growth in the African market. CNBC Africa spoke to the CEO of DPO Group, Eran Feinstein for more.

The impact of COVID-19 on Africa’s fintech sector

Despite entire populations being confined to their homes and encouraged to use cashless payments, reports show that the fintech sector is not unlike many other sectors, in that it has taken a hit globally due to the COVID19 pandemic. Research shows the change in trends that have been responsible for this hit in the US and Europe; but how has Fintech in the region been effected? And what will the reaction be? DPO Group CEO, Eran Feinstein joins CNBC Africa for more.

Kenya’s DPO Group to expand African presence with PayFast acquisition

DPO Group, an African payment service provider from Kenya has acquired PayFast which is a payment processor in South Africa. This acquisition is set to change the way in which African’s engage with digital payment processes, especially in the wake of the African Continental Free Trade Area. DPO Group CEO, Eran Feinstein joins CNBC Africa for more.