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UPAY completes restructuring to expand software development via Petra and Acheron in US and South Africa

Company Fundamentals
30 Jun 2026
GlobeNewsWire
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Bullish
pluang ai news

UPAY Inc. has finalized a restructuring deal involving Petra Software and Acheron Systems to enhance its software development and technology platform capabilities. Petra USA, a UPAY subsidiary, holds a majority stake in Petra SA, which now fully owns Acheron, a South African software firm. This new structure aims to boost UPAY's development capacity, support fintech and compliance technology projects, and open international commercialization opportunities, especially bridging South African engineering with the US market. The deal also includes provisions for future employee incentives and shareholder participation, positioning UPAY for long-term growth in fintech and digital infrastructure sectors.

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