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Last $12.88 USD
Change Today -0.08 / -0.62%
Volume 34.2K
As of 10:22 AM 04/28/15 All times are local (Market data is delayed by at least 15 minutes).

net 1 ueps technologies inc (UEPS) Snapshot

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Day High
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52 Week High
03/5/15 - $14.90
52 Week Low
04/29/14 - $8.74
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Dividend Yield
Current Stock Chart for NET 1 UEPS TECHNOLOGIES INC (UEPS)

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net 1 ueps technologies inc (UEPS) Details

Net 1 UEPS Technologies, Inc. provides payment solutions and transaction processing services for various industries in South Africa, Korea, Europe, and internationally. It offers universal electronic payment system (UEPS), a smart-card based alternative payment system for the unbanked and underbanked populations of developing economies and for mobile transaction channels. The company’s UEPS system allows card holders to transact at any EMV-enabled point of sale terminal or ATM; and can be used for banking, healthcare management, international money transfers, voting, and identification. It provides state pension and welfare benefit distribution service to the South African government; transactions processing services for retailers, utilities, banks, and medical-related claim service customers, as well as bill payments and prepaid electricity for bill issuers and local councils; and mobile telephone top-up transactions for mobile carriers. The company also offers payment processing services to merchants and card issuers; transaction processing of UEPS-enabled smartcards and medical-related claims; and clinical risk management solutions. In addition, it provides smart card accounts; financial services, including short-term microloans, microfinance, life insurance, and money transfer products; and on-line real-time management system services for healthcare transactions, as well as processes third-party payroll payments for employees. Further, the company markets, sells, and implements the UEPS; provides secure transaction technology solutions and services; sells hardware, software, and SIM cards; undertakes smart card system implementation projects; and leases terminals to merchants. Net 1 UEPS Technologies, Inc. was founded in 1989 and is headquartered in Johannesburg, South Africa.

4,415 Employees
Last Reported Date: 08/28/14
Founded in 1989

net 1 ueps technologies inc (UEPS) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $937.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $496.1K
Chief Executive Officer of KSNET Inc and Pres...
Total Annual Compensation: $357.3K
Senior Vice President of Information Technolo...
Total Annual Compensation: $592.7K
Compensation as of Fiscal Year 2014.

net 1 ueps technologies inc (UEPS) Key Developments

Net 1 Ueps Technologies Inc. Names Cash Paymaster Services (Pty) Ltd. as Respondent in Notice of Motion Filed by Corruption Watch

Net 1 UEPS Technologies Inc. announced that Cash Paymaster Services (Pty) Ltd. (CPS), a subsidiary of the company, has been named as a respondent in a Notice of Motion filed by Corruption Watch. The Notice of Motion seeks an order from the High Court of South Africa for the reviewing and setting aside of the decision by the Chief Executive Officer of the South African Social Security Agency (SASSA) on April 25, 2014 to approve payment of ZAR 317 million (approximately USD 26.4 million at the current exchange rate) to CPS. Corruption Watch claims that there was no lawful basis for the SASSA CEOs decision, that the decision was unreasonable and irrational and that the decision did not comply with South African legislation. The Company announced on June 6, 2014 that it had received approximately ZAR 275 million, excluding VAT, (or USD 25.7 million at prevailing exchange rates) from SASSA, related to the recovery of additional implementation costs incurred during the beneficiary re-registration process in fiscal 2012 and 2013. At the time, SASSA requested Net1 to biometrically register all social grant beneficiaries (including all child beneficiaries), in addition to the grant recipients who were issued with the SASSA-branded UEPS/EMV smart cards. As a result, Net1 performed approximately 11 million additional registrations that did not form part of its monthly service fee and claimed a cost recovery from SASSA, supported by a factual findings certificate from an independent auditing firm. SASSA agreed to pay the ZAR 275 million as full settlement of the additional costs incurred. SASSAs decision to re-register all 21 million social grant beneficiaries has enabled it, through the use of Net1s biometric search engine and data analysis tools, to identify and remove any duplicate, invalid and non-existent grant recipients from the grant system.

Net 1 UEPS Technologies Inc. Partners with UBER in South Africa for Effortless Payment

ZAZOO, a business unit of Net 1 UEPS Technologies Inc. announced that it has partnered with UBER, the smartphone technology that connects riders with drivers, in South Africa. ZAZOO's revolutionary VCpay mobile application enables people who do not own credit cards to create virtual MasterCards that can be used to pay for the UBER service. VCpay is a mobile application that utilizes Net1's patented Mobile Virtual Card (MVC) technology, which enables mobile devices to generate virtual MasterCard payment cards completely offline and without access to a mobile phone network. Users can activate VCpay by following a simple over-the-air registration process and linking the application to any number of funding options, from credit cards, to EFTs, to direct top-ups, cash and more. The application allows users to generate anonymous, transaction specific virtual MasterCards that can be used for online purchases, or in brick-and-mortar retailers that accept manual Card Not Present payments and now they can use it to register and pay for trips on the UBER application.

Net 1 Ueps Technologies Inc. Presents at Baird Business Solutions Conference, Feb-24-2015 09:10 AM

Net 1 Ueps Technologies Inc. Presents at Baird Business Solutions Conference, Feb-24-2015 09:10 AM. Venue: The Pierre Hotel, 2 East 61st Street, New York, New York, United States. Speakers: Dhruv Chopra, Managing Director and Country Head of India.


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Valuation UEPS Industry Range
Price/Earnings 6.7x
Price/Sales 1.0x
Price/Book 1.4x
Price/Cash Flow 4.6x
TEV/Sales 0.8x

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