kigali – Direct Pay Online Group (DPO) has today announced the acquisition of Virtual Card Services (VCS) South Africa. This marks the completion of DPO’s purchase of VCS Group, after acquisition of VCS Namibia and VCS Botswana earlier.
The acquisition further bolsters DPO’s leading position in Southern Africa, the firm said in a statement.
Direct Pay Online Group opened shop in Rwanda in September 2015.
VCS has over 20 years of experience in developing and implementing credit, debit and smart card processing systems for major card issuers in South Africa. DPO plans to merge both VCS SA and PayThru, which it acquired last month, with PayGate, to create the leading Payments Service Provider in South Africa.
Direct Pay Online Group CEO, Eran Feinstein said: “By merging VCS and PayThru South Africa with PayGate, we will be able to position ourselves as the largest PSP in Africa serving over 20,000 merchants.”
Feinstein added that with every acquisition made, their merchants across the continent benefit by receiving an unparalleled offering of services and geographical exposure.