Upay, Inc. Reports Earnings Results for the Third Quarter Ended November 30, 2019
January 16, 2020 at 07:43 pm
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UPAY, Inc. announced earnings results for the third quarter ended November 30, 2019. For the third quarter, the company announced sales was USD 340,589 compared to USD 281,458 a year ago. Net income was USD 19,966 compared to net loss of USD 3,504 a year ago. For the nine months, sales was USD 1.021 million compared to USD 767,356 a year ago. Net income was USD 29,578 compared to net loss of USD 22,912 a year ago.
UPAY, Inc. is a software development company. It provides a cloud-based loan origination software system that is compliant with all applicable legislation and enables its customers to grant loans, sell products, pay bills or pay monthly subscriptions on terms, all within its software system. Its software platform features integrated third-party service providers, such as registered payment gateways, credit bureaus, two-way texting, credit protection insurance and decision-making platforms. Its products include Loan Origination System, Theme Studio Business Online, Credit Inquiries, and Credit Protection and Life Insurance, among others. The Loan Origination System provides Automated Credit Provider Administration System, a software system that leases on a monthly basis to customers to manage businesses, clients and processes. Theme Studio Business Online provides customized websites with ACPAS system to customers. It also specializes in providing anti-money laundering solutions.
UPAY, INC. 
