Lesaka(LSAK) - 2023 Q3 - Earnings Call Transcript

The combined Card Connect and Kazang Pay merchant estate closed Q3 at approximately 42,000 merchants, this is up 107% year-on-year and up by 22% on Q2. In our card acquiring business, Card Connect and Kazang Pay, throughput for the quarter was ZAR3.2 billion, up 93% year-on-year from FY '22 Q3. This performance is almost entirely attributable to the incredible growth achieved by our Kazang Pay solution. To provide some perspective, the average monthly throughput volumes for Q3 2023 was ZAR770 million per mo ...