One Payment Limited, a subsidiary of Pan-African digital payments organization, DPO Group, has recently been granted a license by the Central Bank of Nigeria. It allows them to provide new types of payment services to customers and businesses.
It also allows DPO Group to operate as an independent payment solutions provider. They provide services in Nigeria well as over 20 other African countries.
DPO Group provides services to over 60,000 active businesses, including eCommerce companies, airlines, and travel agents in a wide variety of payment methods and currency options. Furthermore, DPO Group has garnered a reputation for providing a trustworthy and steadfast network. With local and international channels, it is known and trusted for having good security. It is also known for efficient customer support. Especially in concern to fraud, refunds, chargebacks, etc.
Nigeria has experienced significant growth in eCommerce over recent years. Digital payments have steadily become a standard in the country. Approximately 7.7 billion people and businesses in Nigeria are expected to utilize online payments by 2025. This indicates a 45 percent increase since 2019.
Eran Feinstein, the CEO of DPO Group, says that Nigeria is a key market in Africa. He believes the country to be one of the most innovative in Africa when it comes to fintech and eCommerce.
Excitement is now growing around the new license and DPO Group’s new services. Nigerian businesses and online customers can now look forward to greater options. As well as smoother and more secure digital payment. This is expected to greatly improve business and opportunity within the country.
A New Payment Option
DPO Group has announced plans to launch a new comprehensive payment solution, called “DPO Pay”. It will be available in Africa, and across their customer base.
Country Manager of DPO Group Nigeria, Chidinma Aroyewun, expressed excitement at the opportunity. He looks forward to helping businesses and eCommerce grow.DPO Group is not the only payment provider in Nigeria though. With others, such as Flutterwave and Paystack dominating, the addition of DPO Group will bolster competition in the market. Sports betting companies are expected to benefit the most. They will now have a host of new payment options to work with and provide quality service to their customers. Additionally, there is now an ever-greater opportunity for up-and-coming startup brands and companies. In turn, this creates greater potential for success in Africa’s bustling eCommerce and betting industries.