DPO Group grants license to operate as a Payment Service Provider (PSP) in Kenya
African digital payments provider DPO Group Kenya has received office approval from the Central Bank of Kenya to operate as a Payment Service Provider (PSP) in the country.
The National Payment System Act requires all PSPs to undergo a rigorous license application process in order to provide payment services in Kenya.
Founded in Kenya, DPO Group has been operating successfully throughout Africa since 2006. The Group has worked closely with regulators across the continent to acquire new licenses and certifications as requirements have changed in each country to ensure secure and uninterrupted services for its merchants and partners.
DPO Group Chairman & co-founder Offer Gat comments: “We exist to help businesses of all sizes thrive by linking them with local, regional and global business opportunities.
To do this, it’s essential we stay on top of evolving regulatory demands and ensure we comply with them. Our merchants expect quick and easy payments, and thanks to the support and help of regulators like the Central Bank of Kenya, we are able to comply with the local regulatory requirements which further validate the quality reliability and security of our payments service.”
The company has developed integrated payments technology to support businesses of all sizes in over 20 countries and accepts payments securely and swiftly in all currencies and through many payment methods including cards, mobile money, bank transfers, USSD, and EFT. DPO Group’s extensive knowledge and local expertise means the business is trusted by global and local brands to manage their digital payments.