Direct Pay Online Group (DPO), a provider of e-commerce and online shopping services, has concluded its acquisition of Virtual Card Services (VCS) South Africa.
The latest transaction marks the completion of DPO’s acquisition of VCS Group. Previously, DPO acquired VCS Namibia and VCS Botswana.
DPO believes that the acquisition will also strengthen its presence in South Africa, post its previous acquisitions of PayThru and PayGate.
Furthermore, DPO unveiled plans to merge VCS and PayThru with PayGate to establish a leading payments service provider in South Africa.
Established in 1996, 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.
Direct Pay Online Group CEO Eran Feinstein said: “We are excited to finally have VCS South Africa on board. By merging VCS & PayThru South Africa with PayGate, we will be able to position ourselves as the largest PSP in Africa serving over 20,000 merchants.
“With every acquisition we make, our merchants across the continent benefit by receiving an unparalleled offering of services and geographical exposure. I believe we are well on our way to providing one payment solution across Africa.”