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ACPAS - Powers Device Financing for Flagship U.S. Tech Brand in South African Retail Network
Globenewswireยท 2025-06-09 16:13
Core Insights - UPAY Inc. announced a new Service Level Agreement (SLA) for its South African subsidiary, ACPAS, with a leading retail finance provider to enhance consumer credit offerings for technology products [1][2] - The agreement allows ACPAS to implement its advanced Loan Management Software (LMS) and payment technologies across over 30 retail stores and an online platform [2][3] - The collaboration aims to provide compliant and accessible credit solutions, enhancing the customer finance journey both in-store and online [3][4] Financial Technology Integration - The integration will support financing for high-demand technology products such as smartphones, laptops, and tablets [2][3] - The partnership is expected to expand access to premium technology through smarter finance options, redefining responsible credit delivery in tech-driven retail [5] Compliance and Risk Management - UPAY's subsidiary, AML GO, will enhance the solution with automated anti-money laundering (AML) checks to ensure compliance with local regulations [4][8] - The SLA includes features for seamless credit origination, real-time account servicing, and built-in tools for compliance and risk oversight [7][8] Company Overview - UPAY Inc. is a U.S.-listed fintech holding company focused on intelligent financial platforms and compliance technologies across various markets [6] - ACPAS specializes in Loan Management Software, facilitating digital lending and risk-based decision-making for financial institutions in South Africa [6]