UPAY CEO re-elected to CASA board for two-year term

UPAY Inc. (OTCQB: UPYY) announced that Chief Executive Officer Jaco Fölscher has been re-elected to the Board of the Credit Association of South Africa (CASA) for a two-year term following the association's annual general meeting on October 22, 2025.

Fölscher serves in his capacity as CEO of ACPAS, UPAY's loan-management software subsidiary. His re-election comes as CASA constitutes its first board following a rebrand from MicroFinance South Africa (MFSA). The name change reflects the association's expanded scope across South Africa's credit value chain.

"I'm honored to continue serving on CASA's Board at this pivotal moment," said Fölscher. "CASA's renewed mandate and values align with UPAY's mission to expand access to safe, responsible credit."

CASA represents non-bank credit providers in South Africa and operates as a member-based, non-profit association governed by an elected board. The organization brings together community lenders and national players, supported by technology providers offering services including loan administration systems, payment platforms, insurance, credit bureau data, document verification, and compliance services.

As a board member, Fölscher will support CASA's priorities including member advocacy, fostering collaboration across the credit value chain, and providing regulatory and compliance guidance.

ACPAS provides loan management software solutions in South Africa, offering automation tools for loan origination, management, and compliance processes for microfinance and credit institutions.

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