Payment services provider DPO acquires VCS South Africa

Payment services provider Direct Pay Online (DPO) Group has acquired Virtual Card Services (VCS) South Africa.

This marks the completion of DPO’s purchase of the VCS group, following the earlier acquisition of VCS Namibia and VCS Botswana. It also bolsters DPO’s position in Southern Africa post its previous acquisitions of PayThru and PayGate.

“We are excited to finally have VCS South Africa on board. By merging VCS and PayThru South Africa with PayGate, we will be able to position ourselves as the largest payment servicesprovider in Africa, serving over 20 000 merchants,” DPO CEO Eran Feinstein said in a statement. Source: Engineering News