Company

The Net1 Group is headquartered in Johannesburg, South Africa, and has subsidiaries in Austria, India, Russia, the USA, and affiliates all around the world. Net1 has a primary listing on the Nasdaq (UEPS) and a secondary listing on the JSE Limited (Johannesburg Stock Exchange).

Success 
Net1 has a track record of 20 successful years in the payments industry resulting in an in-depth knowledge of developing, integrating and upgrading financial transaction systems. Throughout these years, the multi-faceted experiences from all client installations have found their way into the system, incorporating industry best practices with the aim of offering the most flexible, cost-effective and functional solution for the respective markets. Net1’s innovative technological ability to develop solutions for a broad range of business requirements ensures that it remains at the cutting edge of smart card related technologies. The Net1 Group ranks as one of the leading smart card payment system providers worldwide, focusing on offering a comprehensive end-to-end system platform for domestic markets.

Worldwide Presence 
Net1 is the market leader in smart card-based payment systems in the CIS with the national interbank payment system in Uzbekistan and the nationwide smart card payment system in Russia. Further reference projects are a comprehensive E-Government solution in the Sultanate of Oman, retail and utilities payments in Vietnam, a social benefits distribution system in South Africa, the biometric-based national payment system in Ghana, as well as a government grant distribution system in Iraq.

Focus Markets
Net1 provides its universal electronic payment system, or UEPS, as an alternative payment platform for tapping the cash dominated rural and urban mass markets. The company’s market strategy focuses on the implementation of fully integrated payment, switching and settlement systems for national and regional payment environments suitable for multiple applications and services, whether deployed in undeveloped rural areas or highly developed first world markets. In addition to having functionality tailored to the needs of the un-banked and under-banked populations, the UEPS platform provides an outsourced solution for all domestic mass payments that are required to be made to recipients without bank accounts, reduces administration and cash handling costs, facilitates information management regarding payment status and creates auditable transaction records.