TPAY Acquires Competitor DCBEgypt
TPay, MENA’s first and largest Direct Carrier Billing platform, announced today that it has acquired DCBEgypt, the second largest Direct Carrier Billing service provider in Egypt, for an undisclosed amount. Direct Carrier Billing is a payment method that allows users to make purchases online with the payment being charged to their mobile phone bill.
Founded in 2014 by Sahar Salama, TPay is among the first Fintech companies in the region to revolutionize digital payments by connecting consumers, businesses and mobile operators using Direct Operators Billing (DOB). Since being launched, TPay has processed over 2.6 billion transactions from across the region.
“It is a very exciting moment for TPay to be able to make its first acquisition after only 3 years of operations, which is a great achievement for any company at this young age.” said Sahar Salama, CEO of TPAY Mobile. “The acquisition fits our strategic and ambitious growth plans to serve more partners and accelerate moving to the next level in TPAY’s growth plans.”
DCBEgypt was also founded in 2014 and offers direct carrier billing services with 2 mobile operators in Egypt. “Sharing the same vision and strategic plans; We are positive that we made the right decision to handover what we built to what is fast shaping up to be the region’s most important Fintech player,” said Mostafa Elshafey, Founder & CEO of DCBEgypt.
TPay is currently present in more than 13 countries in MENA and has an aggressive expansion plan in progress. With the acquisition of DCBEgypt, it will be able to offer DCBEgypt’s clients a greater regional experience.