Company

The Net1 Group is headquartered in Johannesburg, South Africa (www.net1.com), 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).

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 constant strive for innovation, coupled with major investments in research and development  ensures that it remains at the cutting edge of payment related technologies.

The Net1 Group is a worldwide leader in providing secure and innovative payment systems with reference projects that include a mobile phone-based payment solution in the US, the national interbank payment system in Uzbekistan, an e-government solution in the Sultanate of Oman, a social benefits distribution system in South Africa, the biometric-based national payment system in Ghana, as well as government grant payments in Iraq.

Net1's latest product innovation VCpay, an end-to-end mobile payment solution, demonstrates Net1's ability to create technological solutions that facilitate a multitude of compelling business models for mobile network operators, payment associations, card issuers and retailers. VCpay offers a wide range of mobile payment products and services such as retail purchases, online payments, money transfers/remittances, gift vouchers, and many more. VCpay can considerably enhance an Issuer’s value proposition to its customer base, as well as offer new, lucrative and previously unviable or unavailable business models. VCpay is designed to eliminate the risks associated with both Card-Not-Present (CNP) as well as Card-Present transactions. The VCpay application offers a rare opportunity for the wireless and the banking industries to collaborate on a digitally-optimized m-payment platform that reduces risk, complexity, unnecessary costs and many likely hurdles to adoption.