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Company Description

Contact Info

President Place

4th Floor

Cnr. Jan Smuts Avenue and Bolton Road


Johannesburg, 2196

South Africa

Phone: 27 11 343 2000

Fax: 27 11 442 5908

Net 1 UEPS Technologies, Inc. provides payment solutions and transaction processing services across multiple industries. The company has developed and markets a transaction processing solution that includes its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels. The company also provides secure transaction technology solutions and services, by offering transaction processing, financial and clinical risk management solutions to various industries. The company provides third-party and associated payroll payments in South Africa through its FIHRST service. The company provides financial inclusion services, such as microloans, mobile transacting and prepaid utilities to its cardholder base. Internationally, through KSNET, the company is a value-added network (VAN) processor in South Korea, and offers card processing, payment gateway and banking value-added services in that country. The company’s XeoHealth service provides funders and providers of healthcare in United States with an online real-time management system for healthcare transactions. Business Units ZAZOO The company’s ZAZOO business unit is managed from London, the United Kingdom with business development support branches in South Africa, the United States, and India. The company’s ZAZOO business unit is responsible for the worldwide technical development and commercialization of its range of Web and mobile applications and payment technologies, such as Mobile Virtual Card (MVC) Chip and GSM licensing and Virtual Top Up (VTU), and has deployed solutions in various countries, including South Africa, Namibia, Nigeria, Malawi, Cameroon, the Philippines, India, and Colombia. ZAZOO offers a range of products and services that cater for the needs of the global market and comprises of the following key business lines: MVC and Verification: The company’s internationally patented MVC technology addresses the needs of the modern mobile payment market. It is a way to pay for goods and services online directly from a mobile phone. The company’s MVC technology provides an off-line payment solution for card-not-present transactions, such as payments made for Internet purchases. The MVC technology runs as an application on any mobile phone and utilizes the company’s patented cryptographic card generator to secure any payment transaction. The advent of new technologies, such as near field communication or quick response codes also enables the utilization of the company’s MVC technology for card present payments. Third Party Payments: The company, through FIHRST, provides third party and payroll associated payments in South Africa, servicing approximately 1,950 employee groups that represent approximately 620,000 employees. The company also offers the PayPlus service, providing employees with access to prepaid airtime, electricity and other value added services (VAS). Prepaid Vending: The company’s Prepaid Vending business line handles multichannel distribution of electronic products and services aimed at various markets. Across Africa and internationally, the company’s VTU solutions create a separate revenue stream for mobile network operators (MNOs) and other clients. The stability of the company’s VTU offerings enables its customers to facilitate approximately 100 million monthly transactions. MNOs Solutions: The company provides specialized solutions for MNOs that boost average revenue per user, increase subscriber activity, and collect valuable profiling data. The company’s solutions range from Advance Airtime and Mobile Wallet technology to SMS Mega Promotions, tailor-made for each MNO with a focus to improve subscriber activity, brand perception and profitability. Chip and SIM: The company, through its partnerships with MNOs, as well as card and semiconductor manufacturers, provides a lineup of feature rich chip and SIM solutions. All of these offerings include the company’s range of GSM Masks and custom software that enables mobile telephony, transactions and on-chip VAS. The company supports the above chip and SIM developments with chip-card b


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