Multi-Pay Solutions granted exclusive Paynet software rights

MULTINATIONAL investment firm Cambria Africa, whose stocks remain suspended on the London Stock Exchange, has granted Multi-Pay Solutions exclusive rights to use, distribute and operate Paynet software in the Southern African Development Community (Sadc) region. Payserv Africa, according to a shareholder update released this week, will continue to operate Paynet outside the Sadc region.

“Further to the investment update of 27 October 2022, and in keeping with its strategy to maximise realisable NAV (net asset value) at the holding level, Cambria Africa plc, has in principle agreed to grant Multi-Pay Solutions (Pvt) Ltd exclusive rights to use, distribute and operate Paynet software in the Southern African Development Community,” the update read in part.

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