Net 1 UEPS Technologies Inc (NASDAQ:UEPS)

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Technology Services
Packaged Software

Company Description

Net 1 UEPS Technologies, Inc. provides payment solutions and transaction processing services in South Africa. The company engages in the designing, developing and marketing of secure transaction technology, solutions and services and offer transaction processing, financial and clinical risk management solutions to both funders and providers of healthcare. It operates through three segments: South African Transaction, International Transaction, Financial Inclusion and Applied Technologies. The South African Transaction processing segment consists of a welfare benefit distribution service provided to the South African government and transaction processing for retailers, utilities, medical-related claim service customers and banks. The International Transaction processing segment provides payment processing services and to a lesser extent from the sale of goods, primarily point of sale terminals, to customers in Korea. The Financial Inclusion and Applied Technologies segment provides short-term loans as a principal and life insurance products on an agency basis and generates initiation and services fees. The company was founded by Serge Christian Pierre Belamant in 1989 and is headquartered in Johannesburg, South Africa.

Contact Information

Net 1 U.E.P.S. Technologies, Inc.
President Place
Johannesburg Gauteng 2196
P:(711) 343-2000
Investor Relations:
(917) 767-6722



Other institutional39.53%
Individual stakeholders33.65%
Mutual fund holders17.99%

Top Executives

Herman Gideon KotzéChief Executive Officer & Executive Director
Alexander M. R. SmithCFO, Secretary, Treasurer & Director
Y. H. ChoResearch Director
Nitin SomaSenior Vice President-Information Technology
Warren SegallChief Compliance Officer & Vice President