DPO Group acquires PayFast

DPO Group, a Kenya-based payment service provider (PSP), announced the acquisition of PayFast, one of the largest payment processors in South Africa.

The Nairobi-based company’s transaction was carried out through a mixture of shares and cash, with the PayFast management team remaining key shareholders in the DPO Group. After the transaction, the DPO Group will provide services to over 100,000 merchants in 18 African markets.

PayFast has shopping cart integrations in …

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