- UPAY Inc.'s South African subsidiary ACPAS secures SLA for device financing with a major retail network.
- The solution will deploy across 30+ retail stores and an online platform, providing financing for premium US tech brand products.
- AML GO enhances the platform with automated compliance tools, ensuring secure and compliant financial processes.
UPAY Inc. (UPYY, Financial), a U.S.-based fintech company, has announced that its South African subsidiary ACPAS has entered a significant Service Level Agreement (SLA) with a leading retail finance provider. This agreement enables ACPAS to offer innovative device financing solutions across more than 30 retail outlets and an online platform in South Africa. These stores exclusively sell products from a premium U.S. tech brand, marking a strategic expansion of UPAY's market presence in the region.
The collaboration allows ACPAS to leverage its Loan Management Software (LMS) and integrated payment technologies to facilitate financing for high-demand tech products including smartphones, laptops, tablets, and accessories. Key features of the solution include seamless credit origination, paperless onboarding, and real-time account servicing, enhancing both the consumer and retailer experience.
UPAY's subsidiary, AML GO, plays a crucial role in this deployment by adding automated anti-money laundering checks and compliance tools, ensuring that the financing process is secure and meets regulatory standards. This integration supports adherence to local frameworks and fosters consumer trust by maintaining robust compliance and risk controls.
The initial deployment of this financing solution has commenced at one retail location, with nation-wide expansion plans to follow over the coming months. The implementation aims to provide scalable backend support for payments and customer queries, helping retailers offer intelligent and accessible credit options to their customers.
UPAY Inc. continues to redefine responsible credit delivery in tech-driven retail, advancing its position as a leader in financial and compliance technology solutions. Through its strategic partnerships and innovative platforms, UPAY is set to enhance access to premium technology products in emerging markets.
