Upay Inc Stock Price, News & Analysis

UPAY Inc. (OTCQB: UPYY) announced the launch of its AML GO Anti-Money Laundering online system through its South African subsidiary at the Consumer Credit Conference in Johannesburg on October 30-31, 2024. The platform offers financial institutions and businesses tools for AML compliance, featuring real-time monitoring, global database screening, seamless workflow integration, customizable alerts, and reporting capabilities. The system includes a user-friendly dashboard for managing compliance requirements and focuses on retail credit risk management.

UPAY Inc. (OTCQB: UPYY), a fintech leader, announced the launch of Huntpal’s new US website, www.huntpal.net, on July 2, 2024.

The site aims to revolutionize the hunting experience for US hunters by offering reputable hunting options in South Africa, with interest-free payment plans for all packages. Key features include seamless integration with outfitters, a user-friendly interface, and exclusive hunting packages. This initiative highlights UPAY's commitment to customer satisfaction, financial flexibility, and responsible wildlife conservation, while also supporting local community upliftment in rural African areas.

UPAY Inc. (OTCQB: UPYY), a leading fintech , has acquired a 51% stake in AML GO (Pty) , a South African Anti-Money Laundering company. This acquisition aligns with the recent amendments to the Financial Intelligence Centre Act (FICA), effective December 19, 2022, expanding the regulatory framework to include sectors like Crypto Asset Service Providers and Credit providers. The acquisition will help UPAY's subsidiary, Rent Pay, comply with the new regulations. AML GO specializes in tailored Anti-Money Laundering solutions, offering risk-based screening and compliance tools. This move enhances UPAY's service offerings and positions it for growth in important financial sectors.

UPAY has acquired full ownership of Huntpal, formalizing the deal through a Second Addendum to the Memorandum of Understanding. Shareholders of Huntpal will receive UPAY common stock, subject to a two-year lock-up and subsequent trading restrictions. This acquisition integrates Huntpal into UPAY as a wholly-owned subsidiary, leveraging Huntpal's South African operational arm to enhance UPAY's financial solutions and hunting experiences. Executives from both companies expressed enthusiasm for the strategic alignment and its potential to expand market reach and operational efficiency.

UPAY Inc. (OTCQB: UPYY), a leading fintech company, has launched a new website for its subsidiary Huntpal at www.huntpal.net. This platform is tailored to US hunters and offers a streamlined browsing and booking experience for hunting expeditions in South Africa. The website also features interest-free term-payment options. This strategic move aims to expand Huntpal 's reach in the US market, offering unparalleled hunting adventures. Both UPAY and Huntpal emphasize their commitment to innovation, accessibility, and wildlife conservation. The initiative also aims to create jobs and support local communities in rural South Africa.

UPAY Inc. (OTCQB: UPYY) announced that its South African subsidiary, ACPAS, successfully sponsored the MFSA Industry Engagement Session & Workshop on March 16, 2023. The event featured various esteemed speakers from organizations such as the FIC and National Credit Regulator, fostering valuable networking opportunities. ACPAS received commendation from the MFSA team for its essential role and support, which contributed to the event's success. UPAY is dedicated to maintaining its partnership with MFSA, aiming to promote a sustainable microfinance industry and support upcoming initiatives that drive industry growth.