Latest news with #UPAY
Associated Press
29-04-2025
- Business
- Associated Press
AML Go Showcased at MFSA's Virtual Workshop: Mastering FICA Compliance
JOHANNESBURG, April 29, 2025 (GLOBE NEWSWIRE) -- AML Go (Pty) Ltd ('AML Go'), a South African subsidiary of UPAY Inc. (OTCQB: UPYY) and a leading provider of AML compliance and screening solutions, was honored to be invited to present at the MicroFinance South Africa (MFSA) Virtual Workshop on Mastering FICA Compliance, held on Tuesday, April 16, 2025. The high-impact virtual workshop brought together more than 380 delegates from across the country, including compliance officers, executives, and representatives from the Financial Intelligence Centre (FIC) and various accountable institutions. Tailored for the credit and microfinance sector, the event delivered practical, high-value insights on navigating South Africa's Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) regulations. Empowering the Sector with Practical FICA Insights The MFSA workshop addressed key areas of the Financial Intelligence Centre Act (FICA), equipping professionals with actionable strategies to strengthen institutional compliance. Topics included: The comprehensive sessions highlighted the growing need for technology-enabled compliance tools that streamline implementation while maintaining high regulatory standards. AML Go's Role and Live Demonstration During its live session, AML Go demonstrated how its platform empowers accountable institutions—particularly in the microfinance space—to: Participants gained hands-on exposure to AML Go's intelligent compliance engine and witnessed how the solution simplifies complex regulatory processes while reinforcing operational integrity. Driving Innovation in Financial Compliance 'We're honored to have participated in this important industry event,' said a spokesperson for AML Go. 'Workshops like these play a critical role in ensuring that institutions remain equipped to uphold their compliance responsibilities in an increasingly complex regulatory landscape. AML Go remains committed to supporting the sector with powerful, accessible, and locally relevant tools.' About AML Go AML Go (Pty) Ltd provides cutting-edge, automated AML compliance, client screening, credit vetting, and risk management solutions. Serving financial and non-financial sectors across Africa, AML Go enables institutions to meet regulatory obligations while optimizing operational efficiency. About UPAY UPAY Inc. is a publicly traded fintech holding company focused on delivering innovative financial software platforms, data intelligence, and compliance automation. Through its portfolio of solutions—including AML GO, HUNTPAL and ACPAS—UPAY helps clients navigate complex financial ecosystems with confidence and precision. Forward-Looking Statements This press release contains 'forward-looking statements' as defined under applicable securities laws. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated. The Company does not undertake any obligation to update or revise forward-looking statements because of new information, future events, or other circumstances. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price. Contact Information UPAY INC. Media Relations [email protected]
Time of India
27-04-2025
- Business
- Time of India
City NGO gets Rs 15 lakh grant
Nagpur: Underprivileged Advancement by Youth (UPAY), a Nagpur-based NGO, has secured the Silver Award at Social Venture Partners (SVP) India's Fast Pitch event last week, receiving a Rs 15 lakh grant to enhance their educational programmes for disadvantaged children . The organisation leads initiatives for providing education to underprivileged children in the city. Established in 2010, UPAY has achieved notable success in educational development, community enhancement, and skills training. Speaking to TOI, founder Varun Shrivastava revealed that UPAY operates 10 centres in Nagpur, with primary facilities at Wardhaman Nagar and Cotton Market. "The organisation works closely with families, identifying children from underprivileged backgrounds — especially child beggars — and bringing them to the centres with parental consent. Children are picked up daily at 8.30am, provided with quality education, engaged in sports activities, served two nutritious meals, given clothing, and then dropped back to their homes by 3.30pm," he said. Discussing the organisation further, Shrivastava explained their primary initiative, 'Footpathshala', launched in 2014 to support street children. "Beyond Nagpur, UPAY manages 10 more centres in Mouda and several others in nearby villages. In all, UPAY operates 44 centres across India and has touched over 2.5 lakh lives through its efforts in education, health, sanitation, disaster relief, and community development," said Shrivastava. UPAY additionally focuses on creating economic independence in disadvantaged areas. The organisation identifies and develops local talents and abilities, aiming to establish small-scale industries for sustainable community employment. Shrivastava, an IIT Kharagpur graduate, said, "Our vision is a future where every child will have a dignified childhood and equal opportunity to live, learn, and grow." He collaborated with fellow alumni from various IITs and NIITs to develop one of India's largest volunteer-based NGOs, supported by over 400 active contributors and more than 7,000 volunteers, operating across Delhi NCR, Maharashtra, Karnataka, Meghalaya, and West Bengal.
