UPAY

UPAY develops lending software and credit management solutions. The company was incorporated in Nevada on July 8, 2015, and on November 4, 2015, Rent Pay became its wholly owned subsidiary through a Share Exchange. UPAY's primary lending software and credit management operations are conducted in South Africa, utilizing its ACPAS loan management software platform. While UPAY is not currently involved in consumer lending within the United States, it identifies the U.S. consumer finance and credit management market as a potential area for future expansion of its software platforms, technology solutions, and related financial services. The U.S. check-cashing and payday-loan services industry generated approximately $21.4 billion in revenue during 2023. UPAY also sees future growth opportunities in the U.S. regulatory compliance market for its AML GO compliance platform. The global anti-money laundering (AML) software market was valued at several billion dollars in 2023.