Ross's questions to Lesaka Technologies Inc (LSAK) leadership • Q3 2025
Question
Ross asked for details on the Merchant division's net revenue growth, specifically seeking a breakdown for the card acquiring and alternative digital payments (ADP) segments.
Answer
Steven Heilbron (Executive) stated that while product-level net revenue is not disclosed, the overall Merchant division's net revenue grew 58% YoY. He confirmed card acquiring is growing at market rates. For ADP, he highlighted the strong 57% growth in supplier payments, which pulls through other services, while acknowledging the underperformance of the prepaid business (4% growth), which is now subject to interventions to restore it to mid-teen growth levels.