UPAY Inc. Strengthens Portfolio with AML GO (Pty) Ltd Acquisition

June 20, 2024

DALLAS, June 20, 2024 (GLOBE NEWSWIRE) — UPAY Inc. (“UPAY” or the “Company”) (OTCQB:UPYY), a leading fintech corporation, has acquired a controlling stake in AML GO (Pty) Ltd (“AML GO”), a prominent Anti-Money Laundering company based in South Africa. Following negotiations, UPAY signed a Shareholders Agreement with other stakeholders in AML GO, securing a 51% ownership in the company. This strategic move aligns with the amendments to the Financial Intelligence Centre Act (FICA), effective December 19, 2022, which expand its regulatory framework.

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