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DPO Pay Granted License to Operate as a Payment Service Provider by the Bank of Tanzania

DPO mobile pay app

DPO Pay has been issued with the license to operate as a Payment Service Provider (PSP) by the Bank of Tanzania. The National Payment System Act, 2015 requires all PSPs to undergo a rigorous license application process to provide payment services in Tanzania.

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DPO Pay has had a presence in Africa since 2006 and was acquired by Network International back in 2021.  When this acquisition happened, Nandan Mer, Chief Executive Officer of Network International said “I am delighted to welcome DPO to the Network family. DPO is a strong strategic fit with our business and the acquisition creates a unique combination of innovative online payments technologies, which will accelerate our growth whilst providing significant new capabilities for our established markets. We look forward to welcoming DPO’s colleagues into our group and working together to accelerate digital payments across the MEA region.”

Well, it looks like part of the company’s aim to accelerate digital payments was to expand into new territories like Tanzania. DPO Pay has gained significant recognition and trust among prestigious business in various industries including hotels and resorts in Arusha, Dar es salaam and Zanzibar, where it has extensive experience in the travel and tourism sector.

DPO says that it has positioned itself as the preferred payment solution for some major merchants including Airlines, Hotels, online retailers and logistic companies. The company is committed to expansion and will keep collaborating with some of the top businesses and brands in the region. 

Speaking on the license approval, Managing Director of DPO Pay, Judy Waruiru said, “We are pleased to receive this approval from the Bank of Tanzania, which highlights our steadfast commitment to compliance and 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. We will continue to prioritise the security of transactions, adhering to stringent data protection protocols and industry best practices”.

As for security, DPO Pay says it has a robust security system that allows its merchants and consumers to transact with confidence. The company says that it safeguards all sensitive data and maintains the highest standards of integrity.  

DPO Pay provides efficient 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.

About author

Editor at TechArena. I cover all things technology and review new gadgets as I get them. You can reach me on email: kaluka@techarena.co.ke
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