Forsyth Barr initiates coverage on PaySauce Ltd

Forsyth Barr initiates coverage on
PaySauce
Lower Hutt, New Zealand - 2 October 2025

Forsyth Barr has today released a research report on PaySauce Limited (NZX:PYS)
(“PaySauce”).

The report is available on the PaySauce website under the Reports section at:
https://www.paysauce.com/investor

The views contained in the Forsyth Barr analysis reflect the views of Forsyth Barr
and do not constitute Board approved guidance.


ENDS

PaySauce is a SaaS fintech platform delivering digital payroll solutions across 14
jurisdictions in Asia-Pacific. The technology enables small employers to digitally
onboard, pay and manage employees from any device. The platform includes
rosters, mobile timesheets, payroll calculations, banking integration, automated
payments, PAYE filing, labour costing, and automated general ledger entries. The
PayNow feature enables customers’ employees to access the pay they’ve earned
before payday, providing a free alternative to payday lenders. www.paysauce.com

CONTACT
Asantha Wijeyeratne
CEO PaySauce
+64 21 554 600
Please direct any investment queries to investor@paysauce.com