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Lesaka Technologies (JSE:LSK) Allowance For Loans And Lease Losses


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What is Lesaka Technologies Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Lesaka Technologies (JSE:LSK) Business Description

Industry
Traded in Other Exchanges
Address
Corner Jan Smuts Avenue and Bolton Road, President Place, 4th Floor, Rosebank, Johannesburg, GT, ZAF, 2196
Lesaka Technologies Inc provides payment solutions, transaction processing solutions, and financial technologies. The company operates two reportable segments: Merchant and Consumer. The company operates mainly within South Africa. The Merchant segment that derives majority revenue includes activities related to the provision of goods and services provided to corporate and other juristic entities. It earns fees from processing activities performed for its customers and revenue generated from the distribution of prepaid airtime. The Consumer segment includes activities related to the provision of financial services to customers, including bank accounts, loans, and insurance products. The firm charges monthly administration fees for all bank accounts.