To enable local businesses and entrepreneurs to leverage the African Continental Free Trade Area (AfCFTA) to grow their business marketplace, Mastercard, in partnership with DPO Group – a leading African digital payments operator – has launched an online digital payment system to facilitate seamless transactions for businesses across the continent.
Among other things, the DPO payment solution technology aims to help businesses grow their customer base online with an e-commerce website. The special e-commerce vehicle, DPO Store, allows small, medium and micro businesses to connect and sell; thereby selling products and services and easily accepting online payments from the website in multiple currencies.
According to Mastercard, this partnership will strengthen its ability to help small and medium-sized enterprises (SMEs) in Ghana grow their businesses and increase their revenues by tapping into new payment streams on the African continent.
With Operation Network in some 20 countries across the continent, the DPO payment system will leverage Mastercard’s digital technology to enable merchants to securely and seamlessly accept a wide range of digital payments including mobile wallets. , QR codes, USSD, bank cards, POS devices and more in the currency of your choice.
Business Development Manager and Country Director of DPO for Ghana, Manasseh Annor Narh, indicated that e-commerce has seen significant growth in recent years; with the value of digital transactions increasing by 120% between February 2020 and 2021.
“The adoption and use of mobile money has been central to this growth, and DPO’s payment platform supports this payment method alongside currencies and traditional payment methods.
“Ghana is one of the most innovative countries on the continent when it comes to digital and e-commerce. I believe Ghana is a huge market for any digital-focused business, and DPO Group is delighted to have received its license to operate from the Bank of Ghana. And so, we can only do more to help businesses in Ghana grow,” he said.
Further, he pointed out that as part of the partnership, DPO and Mastercard will also provide training to Ghanaian businesses and entrepreneurs on how to maximize business growth and manage risk through smart use of digital payments.
Mastercard Country Director Bossman Kwapong said, “We recognize the overwhelming pressure that business owners currently face and are committed to supporting them as they adapt to meet the ever-changing needs of customers. . This collaboration has the potential to give every business the tools they need to bring their operations online and be more competitive in the ever-expanding digital economy.”
Innovation and digital payment solution
The Mastercard, DPO Group seeks to unlock opportunities connecting businesses to the digital economy, fostering economic equality and enabling businesses to survive and thrive stronger than before; and that makes everyone responsible.
Innovative offerings include accepting payments on any website: immediate access to leading e-commerce website builders; allows payments using cards issued by Visa, Mastercard, American Express, Diner’s Club and Discover Cards.