Pan-African payment service provider, DPO Group have recently announced the launch of their Real-Time Settlements solution for Kenyan merchants, in a bid to speed up the efficiency in fund settlements for transactions.
The payment solution will be made available to users of the DPO payment card, powered by Mastercard, through which merchants are able to benefit from an improved cash flow system in their business and faster transaction processing speed.
DPO prepaid payment cards were launched in 2019 and allow for cardholders to transact business locally and internationally in local currencies and USD.
It also offers flexibility and security through its highly sophisticated, end-to-end fraud prevention and risk management systems, and holds PCI DSS Level 1 Certification in all 19 markets in which it operates.
In the words of Eran Feinstein, CEO of DPO Group, “It is more important than ever that we help our SME merchants navigate the economic uncertainty posed by the pandemic.
We understand that instant settlements are a key priority for our merchants, and we have taken on this feedback to develop a solution that will dramatically transform the way they can operate, cutting down settlement times from up to one week to within fifteen minutes.
This will allow them to worry less about immediate cash-flow, knowing that they’ll receive payment for goods and services sold to customers immediately and allow them to focus more on business growth.”