| Updated Fri, March 10th 2017 at 00:00 GMT +3The Direct Pay Online Group, an online payments service provider in Africa, is acquiring 100 per cent equity in Virtual Card Service (VCS) in Botswana and Namibia. This will be closely followed by the acquisition of 100 per cent of VCS business in South Africa. The acquisition follows the Group’s recent acquisition of PayGate (Pty) Ltd, the South African online payments gateway. VCS was established in South Africa in 1996 and expanded into Botswana in 2008 and Namibia in 2010. This latest transaction is the DPO Group’s second investment in Southern Africa in six months, following its investment in PayGate.

Source: Standard Digital March 09, 2017 17:37 UTC