Welcome to our dedicated page for UPAY news (Ticker: UPYY), a resource for investors and traders seeking the latest updates and insights on UPAY stock.
UPAY Inc. reports fintech developments centered on financial software platforms, loan-management automation and compliance technology. The company operates through South African subsidiaries including ACPAS, which provides Loan Management Software for loan origination, account servicing, payments and credit compliance, and AML GO, which provides automated anti-money-laundering screening, client vetting and risk-management tools.
Recurring UPYY news covers ACPAS customer deployments and development agreements, AML GO compliance integrations, participation in South Africa’s microfinance and credit-sector forums, and corporate governance updates such as board appointments. Company announcements frequently connect its software platforms with responsible lending, FICA-related compliance and digital finance workflows.
UPAY (OTCQB: UPYY) has appointed Marina Short as Chief Executive Officer of its majority-owned South African subsidiary AML GO (Pty) Ltd, effective August 5, 2026. She is not an officer or director of UPAY, which continues to be led by CEO and CFO Jacob C. Fölscher.
Short has held senior roles in financial management, credit, risk, data and regulatory compliance in South Africa since 1997, including about 14 years as a CEO. UPAY expects her experience and knowledge of South African regulation to support AML GO’s growth in anti-money laundering and know-your-customer compliance software, while cautioning there is no assurance of revenue or profitability gains.
UPAY (OTCQB: UPYY) announced the launch of the new Petra Software website, outlining Petra Software's software development services and target markets. Petra is positioned as a dedicated technology and software development partner for the UPAY group and, over time, third-party clients in South Africa, the United States and other international markets.
According to UPAY, Petra currently derives substantially all revenue from UPAY group companies and has no material third-party contracts. The company does not expect the website launch alone to have a material impact on its financial condition or results. The site details Petra's capabilities in custom software, enterprise, fintech, compliance technology, systems integration, cloud, mobile and digital transformation services.
UPAY (OTCQB: UPYY) appointed Wynand Johannes Jordaan as a non-executive director, effective 1 July 2026. Jordaan founded Acheron Systems and brings over two decades of experience in software development, systems architecture, cloud infrastructure and technology leadership.
According to UPAY, his appointment enhances board-level expertise in software architecture, scalability, cloud infrastructure, cybersecurity, disaster recovery and technology strategy, supporting the company’s growth in fintech, compliance, software platforms and digital infrastructure, and aligning with its Petra Software and Acheron Systems strategy.
UPAY (OTCQB: UPYY) completed a restructuring transaction involving Petra Software USA, Petra Software SA and Acheron Systems. Petra SA becomes UPAY’s dedicated South African development platform, with Acheron as its wholly owned subsidiary and Petra USA holding a majority stake.
The structure aims to expand software development and architecture capacity in the US and South Africa, support international commercialization, enable US customer contracting, and align with UPAY’s strategy of building and owning fintech, compliance and digital infrastructure platforms.
UPAY (OTCQB: UPYY) announced that its CEO, Jaco Fölscher, was re-elected to the Board of the Credit Association of South Africa (CASA) for a further two-year term following CASA’s AGM on 22 October 2025.
Fölscher will serve on CASA’s first Board after the association rebranded from MicroFinance South Africa, representing UPAY’s loan-management software unit ACPAS. The rebrand signals CASA’s expanded remit across the full credit value chain and emphasizes integrity, accountability, inclusion, and a focus on responsible credit supported by technology, data and service providers.
As a Board member, Fölscher will support advocacy, cross‑sector collaboration, regulatory and compliance guidance, capacity building, and efforts to promote trust in responsible credit provision.
UPAY (OTCQB: UPYY) announced that its South African unit, Automated Credit Provider Administration System (ACPAS), will sponsor the MicroFinance South Africa Annual General Meeting and Conference on October 22, 2025 in Johannesburg.
MFSA will rebrand to CASA (Credit Association of South Africa) at the event; ACPAS will participate as a Legacy Partner. The company highlighted its multi-year collaboration with MFSA/CASA and reiterated commitment to supporting South Africa’s microfinance and credit sectors through innovation, compliance, and technology.
UPAY (OTCQB: UPYY), a fintech solutions provider, has appointed Richard K. Pellerin to its Board of Directors effective September 20, 2025. Pellerin brings over 25 years of entrepreneurial and leadership experience as the Founder and President of Century Rehabilitation and Co-Founder of DisruptREADY.
Pellerin's expertise spans healthcare operations, digital transformation, and workforce management. He previously invested in UPAY in 2024, demonstrating confidence in the company's potential. His appointment strengthens UPAY's governance structure and aligns with the company's innovation and growth initiatives.
UPAY Inc. (OTCQB: UPYY) announced that its South African subsidiary, ACPAS, has secured a significant multi-phase development agreement with a major pan-African financial services group to launch digital lending solutions in South Africa.
The three-phase project encompasses: custom development of a tailored ACPAS version, creation of an online lending website, and enhancements to the ACPAS Loan Management Software. The revenue model is transaction-based, aligning ACPAS's growth with the lender's market expansion.
The platform will provide streamlined credit origination, real-time loan management, and scalable backend support, incorporating strict compliance protocols and advanced risk management safeguards aligned with South African regulations.
AML Go, a South African subsidiary of UPAY, showcased its compliance solutions at the MicroFinance South Africa (MFSA) Virtual Workshop on April 16, 2025. The event focused on mastering FICA Compliance and attracted over 380 delegates, including compliance officers and Financial Intelligence Centre representatives.
The workshop covered essential aspects of the Financial Intelligence Centre Act (FICA), featuring:
- Core FICA obligations and legislative updates
- Risk Management and Compliance Programs
- Customer Due Diligence implementation
- Employee screening procedures
During a live demonstration, AML Go showcased its platform's capabilities in automating compliance workflows, performing client screening, and generating audit-friendly reports. The company's presentation highlighted how technology can streamline regulatory processes while maintaining high compliance standards in South Africa's microfinance sector.