African payments giant DPO Group gets licence in Nigeria to take on Flutterwave and Paystack

In case you were wondering what DPO Group, a payments services provider for African businesses, which was acquired by Dubai-headquartered payments giant, Network International back in 2020 for $288 million has been up to - we've got an update for you.

While the takeover was expected to have closed in the fourth quarter of 2020, it was finalised at a total consideration of $291.3 million in September 2021, with the aim of becoming the fastest-growing and most innovative customer-centric payments company in the Middle East and Africa, bringing over 60,000 merchants across 21 countries in Africa.