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 (MF ...

Core Insights - UPAY Inc.'s South African subsidiary, ACPAS, is sponsoring the MicroFinance South Africa (MFSA) Annual General Meeting and Conference on October 22, 2025, marking a significant event in the microfinance sector [1][3] - The MFSA is rebranding to CASA, the Credit Association of South Africa, reflecting its nearly three-decade commitment to responsible credit practices [2][5] - ACPAS is participating as a Legacy Partner in the transition to CASA, emphasizing its dedication to supporting the microfinance and credit sectors [3][4] Company Overview - ACPAS is a leading Loan Management Software provider in South Africa, focusing on automation solutions for loan origination, management, and compliance [6] - UPAY Inc. is a publicly traded holding company in the fintech industry, investing in innovative technologies to enhance financial software platforms [7] Industry Context - CASA, formerly MFSA, represents over 1,800 registered credit providers and advocates for ethical lending, consumer protection, and industry advancement [5] - The transition to CASA signifies growth and renewal within the credit industry, aiming to strengthen South Africa's credit ecosystem through collaboration and technological advancement [4][5]