LESAKA TECHNOLOGIES INC

Lesaka Technologies, Inc. provides financial technology (fintech) products and services through its platform in South Africa and internationally. The company operates in three segments: Merchant, Consumer, and Enterprise. It offers merchant solutions including merchant acquiring, integrated POS software and hardware for the hospitality industry, cash management and digitalization, and small cash advances and business credit solutions. Its alternative digital products (ADP) encompass bill payments, international money transfers, and supplier enabled payments, alongside prepaid solutions for airtime, data, electricity, and gaming. Lesaka Technologies also provides low-cost EasyPay Everywhere transactional bank accounts, short-term personal loans, life and funeral insurance, and secure payout solutions. The company offers Adumo, a payments and commerce enablement platform providing payment processing and integrated software solutions, and Recharger, a prepaid electricity platform for submetering administration and payment processing solutions. Additionally, it provides card acquiring, payment gateway, cash management, payment, digital wallet, and various value-added services. The company sells POS devices, SIM cards, and other consumables, and licenses rights to use its developed technology. Lesaka Technologies serves unbanked and underbanked consumers; small-to-medium and micro merchants; and corporate and government organizations, including banks, mobile network operators, and municipalities. The company was founded in 1989 and is headquartered in Johannesburg, South Africa. It changed its name from Net 1 UEPS Technologies, Inc. to Lesaka Technologies, Inc. in May 2022.