DPO Pay is enabling Online and Offline Payments. 40 Days 40 FinTechs Tanzania Day 29
Minus channelling a lot of resources towards product development, companies also spend quite a lot on marketing and sales. But then after doing all of this, many companies struggle to collect payments due to either the absence of effective payment tools or ignorance about the seamless payment tools available on the market.
This is where DPO Pay comes in handy. DPO Pay has over the years established itself as a preferred payment solution for major merchants across Africa. It integrates with the most popular payment methods across Africa, allowing customers to choose from credit and debit cards, and mobile money among others.
Janeth Kwilasa, the Country Manager of DPO Pay Tanzania noted that DPO Pay is a financial technology solution that helps businesses to receive payments online and offline from anywhere in the world, anytime.
“We offer Small and Medium Enterprises (SMEs) and big multinationals from across Africa a solution and technology that enables them to receive online and offline payments wherever they want. Our robust payment engine supports global currencies and various payment methods. We are trusted by over 60,000 businesses across Africa with a presence in 21 countries. We are Africa’s as well as the Middle East’s favourite way of accepting payments online. The businesses we support can collect various methods of payment including Cards and Mobile Money in all the countries we operate in,” Janeth Kwilasa said.
She added: “Currently in Tanzania, we are integrated with all the six mobile money operators. This enables us to support the local Tanzanian businesses.”
Kwilasa noted that their presence in multiple countries means a need to be compliant with different regulations.
“In Tanzania, we are regulated by the Central Bank of Tanzania and Tanzania Communications Regulatory Authority. We are also locally registered with the different entities as established by the Tanzanian government.”
She noted that low uptake of technology, limited internet penetration and low usage of smartphones are some of the main challenges that DPO Pay is facing in Tanzania.
We interacted with DPO Pay on Day 29 of the 40 Days 40 FinTechs initiative for Tanzania. First implemented in Uganda, 40 Days 40 FinTechs is an annual FinTech Innovation initiative presented by HiPipo to recognize and celebrate individuals and organizations who are making significant strides in promoting financial inclusivity through the use of technology.
It is aimed at promoting innovation and collaboration among FinTechs in Africa. The initiative is designed to provide FinTechs and startups with mentorship, training, exposure, and networking opportunities to help them grow and scale their businesses.
“It is important that projects such as 40 Days 40 FinTechs are done as they provide more information about the available technology, existing companies, their services, competence and the opportunities available. This helps close the knowledge gap and builds trust for local FinTechs,” Kwilasa said.
40 Days 40 FinTechs initiative Tanzania is part of HiPipo’s broader Include EveryOne Program that is generously supported by the Gates Foundation and implemented in partnership with Level One Project, ICTC Tanzania, Ideation Corner, Cyber PLC Academy, INFITX, Crosslake Technologies, NG Films, Founders Academy and Mojaloop Foundation.
The Include EveryOne program is a beacon of acceleration of FinTech Innovation, empowerment for Women in FinTech and a catalyst for investment and development in the ICT sector. Minus 40 Days 40 FinTechs, other initiatives under the Include EveryOne Program are the FinTech Landscape Exhibition, Women in FinTech Hackathon, Summit and Incubator, Digital Impact Awards Africa and the Digital and Financial Inclusion Summit. HiPipo is recognized as a premier advocate of digital Innovation and financial inclusion champion, a fervent proponent of the #LevelOneProject. HiPipo has been at the forefront, actively promoting digital innovation, Instant, Inclusive Payment Systems (IIPS), and DFS across Africa. With a legacy of advising, mobilizing, and facilitating the adoption of inclusive financial services, HiPipo’s efforts have been nothing short of transformative! For almost two decades, HiPipo has successfully facilitated the inclusive adoption of these crucial services.