Sector (GICS)
Information Technology
Lesaka Technologies, Inc. provides financial technology (fintech) products and services through its platform in South Africa and internationally. It operates in three segments: Merchant, Consumer, and Enterprise. The company offers merchant solutions comprising merchant acquiring, integrated POS software and hardware for the hospitality industry, cash management and digitalization, and small cash advances and business credit solutions; and alternative digital products (ADP), including bill payments, international money transfers, and supplier enabled payments, as well as prepaid solutions for airtime, data, electricity, and gaming. It also provides low-cost EasyPay Everywhere transactional bank accounts, short-term personal loans, life and funeral insurance, and secure payout solutions; Adumo, a payments and commerce enablement platform that provides payment processing and integrated software solutions; and Recharger, a prepaid electricity platform that provides submetering administration and payment processing solutions. In addition, the company offers card acquiring, payment gateway, cash management, payment, digital wallet, and various value-added services. Further, it engages in the sale of POS devices, SIM cards, and other consumables; and the licensing of rights to use certain technology developed by the company. The company serves unbanked and underbanked consumers; small-to-medium and micro merchants; and corporate and government organizations, including banks, mobile network operators, and municipalities. The company was formerly known as Net 1 UEPS Technologies, Inc. and changed its name to Lesaka Technologies, Inc. in May 2022. Lesaka Technologies, Inc. was founded in 1989 and is headquartered in Johannesburg, South Africa.
