UPAY CEO elected to CASA Board for two-year term — joining the first Board constituted after industry rebrand
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) ha annunciato che il suo CEO, Jaco Fölscher, è stato rieletto nel Consiglio dell'Credit Association of South Africa (CASA) per un ulteriore mandato di due anni dopo l'assemblea generale di CASA del 22 ottobre 2025.
Fölscher farà parte del primo Consiglio di CASA dopo che l'associazione ha cambiato nome da MicroFinance South Africa, rappresentando l'unità software di gestione dei prestiti di UPAY, ACPAS. Il rebranding segnala l'espansione del mandato di CASA lungo l'intera catena del valore del credito e sottolinea integrità, responsabilità, inclusione e un focus sul credito responsabile supportato da tecnologia, dati e fornitori di servizi.
In qualità di membro del Consiglio, Fölscher sosterrà l'attività di advocacy, la collaborazione tra settori, l'orientamento regolamentare e di conformità, lo sviluppo delle capacità e gli sforzi per promuovere la fiducia nell'offerta di credito responsabile.
UPAY (OTCQB: UPYY) anunció que su CEO, Jaco Fölscher, fue reelegido para el Consejo de la Credit Association of South Africa (CASA) por un nuevo periodo de dos años tras la AGE de CASA el 22 de octubre de 2025.
Fölscher formará parte del primer Consejo de CASA tras la rebranding desde MicroFinance South Africa, representando la unidad de software de gestión de préstamos de UPAY, ACPAS. El cambio de nombre señala el alcance ampliado de CASA a lo largo de la cadena de valor del crédito y enfatiza integridad, responsabilidad, inclusión y un enfoque de crédito responsable respaldado por tecnología, datos y proveedores de servicios.
Como miembro del Consejo, Fölscher apoyará la defensa, la colaboración entre sectores, la orientación regulatoria y de cumplimiento, el desarrollo de capacidades y los esfuerzos para promover la confianza en la provisión de crédito responsable.
UPAY (OTCQB: UPYY)는 CEO인 Jaco Fölscher가 남아프리카 공공신용협회(CASA)의 이사회에 추가로 2년 임기로 재선되었다고 발표했다. 이는 CASA의 AGM가 2025년 10월 22일에 열린 뒤의 일이다.
Fölscher는 MicroFinance South Africa에서 브랜드를 재정비한 CASA의 첫 이사회에서 UPAY의 대출 관리 소프트웨어 부문인 ACPAS를 대표할 것이다. 이번 리브랜딩은 CASA의 신용 가치 사슬 전반에 걸친 역할 확장을 시사하며, 기술, 데이터 및 서비스 제공자에 의해 지원되는 책임 있는 신용에 대한 무결성, 책무성, 포용성 및 초점을 강조한다.
이사회 구성원으로서 Fölscher는 옹호, 부문 간 협력, 규제 및 준수 지침, 역량 강화, 책임 있는 신용 공급에 대한 신뢰를 증진하기 위한 노력을 지지할 것이다.
UPAY (OTCQB: UPYY) a annoncé que son PDG, Jaco Fölscher, a été réélu au Conseil de l'Association de crédit d'Afrique du Sud (CASA) pour un nouveau mandat de deux ans après l'AGE de CASA du 22 octobre 2025.
Fölscher siègera au premier Conseil de CASA après que l'association a changé de nom, passant de MicroFinance South Africa, et représentera l'unité logicielle de gestion des prêts d'UPAY, ACPAS. Le rebranding marque l'expansion du périmètre de CASA tout au long de la chaîne de valeur du crédit et met l'accent sur l'intégrité, la responsabilité, l'inclusion et une approche du crédit responsable soutenue par la technologie, les données et les prestataires de services.
En tant que membre du Conseil, Fölscher soutiendra l'activisme, la collaboration intersectorielle, les conseils en matière de réglementation et de conformité, le développement des capacités et les efforts visant à renforcer la confiance dans une offre de crédit responsable.
UPAY (OTCQB: UPYY) gab bekannt, dass sein CEO, Jaco Fölscher, erneut in den Vorstand der Credit Association of South Africa (CASA) für eine weitere zweijährige Amtszeit gewählt wurde, nach der CASA-Hauptversammlung am 22. Oktober 2025.
Fölscher wird dem ersten Vorstand von CASA nach der Umbenennung von MicroFinance South Africa angehören und die Einheit ACPAS für Kredit-Management-Software von UPAY vertreten. Die Umbenennung signalisiert CASAs erweiterten Auftrag über die gesamte Kreditwertschöpfungskette und betont Integrität, Verantwortlichkeit, Inklusion und einen Fokus auf verantwortungsbewussten Kredit, unterstützt durch Technologie, Daten und Dienstleister.
Als Vorstandsmitglied wird Fölscher die Interessenvertretung, sektorübergreifende Zusammenarbeit, regulatorische und Compliance-Richtlinien, Kapazitätsaufbau und Bemühungen zur Förderung des Vertrauens in eine verantwortungsvolle Kreditvergabe unterstützen.
UPAY (OTCQB: UPYY) أعلن أن مديره التنفيذي Jaco Fölscher أعيد انتخابه لعضوية مجلس إدارة جمعية الائتمان في جنوب إفريقيا (CASA) لفترة جديدة مدتها سنتان عقب الجمعية العمومية لـ CASA في 22 أكتوبر 2025.
سيكون Fölscher عضواً في مجلس CASA الأول بعد إعادة تسمية الجمعية من MicroFinance South Africa، ممثلاً وحدة برامج إدارة القروض ACPAS لدى UPAY. يلمح إعادة التسمية إلى توسيع اختصاص CASA عبر سلسلة قيمة الائتمان كاملة ويؤكد النزاهة والمسؤولية والشمول وتركيزاً على الائتمان المسؤول مدعوماً بالتكنولوجيا والبيانات ومزودي الخدمات.
كعضو مجلس، سيدعم Fölscher الدعوة والتعاون بين القطاعات والإرشاد التنظيمي والامتثال وبناء القدرات والجهود الرامية إلى تعزيز الثقة في توفير ائتمان مسؤول.
UPAY (OTCQB: UPYY)宣布其首席执行官 Jaco Fölscher 已被连任为南非信贷协会（CASA）董事会成员，任期再延长 两年，CASA 于 2025年10月22日 的股东大会后宣布。
Fölscher 将在 CASA 的第一届董事会上任职， CASA 在从 MicroFinance South Africa 重新命名后，代表 UPAY 的贷款管理软件单位 ACPAS。此次改名标志着 CASA 在整条信贷价值链中的职能扩展，强调诚信、问责、包容，以及在科技、数据和服务提供商支持下的负责任信贷。
作为董事会成员，Fölscher 将支持倡导、跨行业协作、监管与合规指南、能力建设，以及推动对负责任信贷提供的信任的努力。
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JOHANNESBURG, Oct. 27, 2025 (GLOBE NEWSWIRE) -- UPAY (OTCQB: UPYY) (“UPAY” or the “Company”), today announced that its Chief Executive Officer, Jaco Fölscher, has been 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.
Serving in his capacity as CEO of ACPAS, UPAY’s loan-management software subsidiary, Fölscher joins CASA’s first Board constituted after the association’s name change from MicroFinance South Africa (MFSA). Unveiled at the AGM, this rebrand affirms CASA’s expanded remit across the full credit value chain in South Africa and highlights UPAY’s ongoing commitment to responsible innovation and industry leadership.
CASA’s rebrand signals continuity of purpose — to make credit a force for dignity, inclusion and growth — and elevates values of integrity, accountability, and inclusiveness as guideposts for the industry’s next chapter. The association’s work brings together community lenders and national players, supported by technology, data and leading service providers across the value chain — from loan administration systems and payment platforms to insurance, credit bureau data, document verification, and compliance services.
“I’m honored to continue serving on CASA’s Board at this pivotal moment,” said Jaco Fölscher, CEO of ACPAS. “CASA’s renewed mandate and values align with UPAY’s mission to expand access to safe, responsible credit. We’ll keep championing practical solutions, high standards, and collaboration that help consumers and credit providers thrive.”
As a Board member, Fölscher will support CASA’s priorities to represent members through strong advocacy, foster collaboration across the credit value chain, and provide regulatory and compliance guidance, while helping to build capacity and promote trust in responsible credit provision.
About CASA
CASA is South Africa’s leading association for responsible, professional non-bank credit providers, existing to enable members to thrive and to build a sustainable credit industry that supports economic growth and financial inclusion. It is a member-based, non-profit association governed by an elected Board and specialized Board Committees. For more information, visit www.casa.co.za
About ACPAS:
ACPAS is a leading Loan Management Software provider in South Africa, offering advanced automation solutions that streamline loan origination, management, and compliance processes. With a strong commitment to empowering microfinance and credit institutions, ACPAS delivers technology-driven tools that enhance operational efficiency and regulatory compliance. As a subsidiary of UPAY Inc., ACPAS continues to play a key role in advancing digital transformation within the financial services industry. For more information, visit www.acpas.co.za.
About UPAY
UPAY Inc. is a publicly traded holding company at the forefront of the fintech industry. By investing in innovative technologies, UPAY delivers comprehensive Financial Software Platforms that offer full system automation, intelligent data solutions, and enhanced user experience. The Company bridges the gap between clients and consumers in an evolving financial ecosystem, driving engagement and lasting impact. For more information, visit www.upaytechnology.com
Forward-Looking Statements
This press release contains “forward-looking statements” as defined under applicable securities laws. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated. The Company does not undertake any obligation to update or revise forward-looking statements due to new information, future events, or other circumstances. No information in this publication should be interpreted as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.
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FAQ
Who from UPAY was re-elected to the CASA Board on October 22, 2025?
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What significance does CASA’s rebrand from MFSA have for UPAY (OTCQB: UPYY)?
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