Net1 Ueps Technologies Inc.
Homepage http://www.net1.com
LinkedIn Profile https://linkedin.com/company/net1***hnologie***
HQ Location
South Africa South Africa
About Net1 (www.net1.com)
Net1 provides its universal electronic payment system, or UEPS, as an alternative
payment system for the unbanked and under-banked populations of developing
economies. Net1’s market-leading system enables the estimated four billion people
who generally have limited or no access to a bank account, to enter affordably into
electronic transactions with each other, government agencies, employers, merchants
and other financial service providers. Net1’s universal electronic payment system, or
UEPS, uses smart cards that operate in real-time but offline, unlike traditional
payment systems offered by major banking institutions that require immediate access
through a communications network to a centralized computer. This offline capability
means that users of the Net1 system can enter into transactions at any time with other
card holders even in the most remote areas so long as a portable offline smart card
reader is available. In addition to payments and purchases, UEPS can be us
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