Tag Archives: PDA

New NCR PDA Registered

NCRPDA4 – The Latest PDA

The National Credit Regulator has issued a new PDA registration number to CollectNet (pty) Ltd

A PDA is a payment distribution agent who handles debt review related payments on behalf of consumers under debt review.

CollectNet are based in Gauteng (Centurian) and have been registered as NCRPDA4. They join the 3 existing NCR registered PDAs (Namely Hyphen PDA, DC Partner PDA and NPDA).

Malcolm Povey, who is well known for his long time in the industry at Hyphen PDA, has now moved to CollectNet after a number of months associated with DC Partner. He will now be heading up operations at the newly registered PDA.

Though newly registered the company has been in existence for some time. This is one of the two big stories surrounding PDAs at the moment. Debtfree will bring you the other news story as soon as we can (maybe mid-June) as there are some changes afoot among the industry’s limited supply of PDAs.

NCR Registered PDAs

NCR Registered Payment Distribution Agencies The National Credit Regulator registers and monitors industry role players such as credit providers, Debt Counsellors, Credit Bureaus, Alternative Dispute Resolution Agents and Payment Distribution Agents (PDAs). Payment Distribution Agents receive money from consumers (normally … read more