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UPAY CEO elected to CASA Board for two-year term — joining the first Board constituted after industry rebrand
Globenewswire· 2025-10-27 21:06
Core Insights - UPAY's CEO, Jaco Fölscher, has been re-elected to the Board of the Credit Association of South Africa (CASA) for a two-year term, emphasizing the company's commitment to industry leadership and responsible innovation [1][2][4] Company Overview - UPAY Inc. is a publicly traded holding company in the fintech sector, focusing on innovative technologies and comprehensive financial software platforms that enhance user experience and operational efficiency [6] - ACPAS, a subsidiary of UPAY, specializes in loan management software, providing automation solutions that streamline loan processes and ensure regulatory compliance [5][6] Industry Context - CASA has rebranded from MicroFinance South Africa (MFSA) to reflect its expanded role across the credit value chain in South Africa, aiming to promote dignity, inclusion, and growth in credit provision [2][3] - The association's mission includes fostering collaboration among community lenders and national players, supported by technology and data, to enhance the credit industry [3][4] Leadership and Advocacy - As a Board member, Fölscher will advocate for CASA's priorities, including strong representation for members, collaboration across the credit value chain, and guidance on regulatory compliance [4]
ACPAS to Sponsor the Upcoming MFSA AGM and the Official Launch of CASA (Credit Association of South Africa)
Globenewswire· 2025-10-17 16:32
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]