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Net 1 UEPS Technologies, Inc. (UEPS)

Net 1 UEPS Technologies Inc. is focused on providing its Universal Electronic Payment System (“UEPS”) as an alternative payment system for the unbanked and under-banked populations of developing economies. The company’s system enables the estimated four billion people who generally have limited or no access to a bank account, to enter into electronic transactions with each other, government agencies, employers, merchants and other financial service providers.

UEPS works by using real-time smart cards that have offline functionality, unlike traditional payment systems offered by major banking institutions that require immediate connectivity to a network. This offline capability allows users of the Net 1 system to enter into transactions at any time with other card holders, even in the most remote areas, as long as a portable offline smart card reader is available. In addition to payments and purchases, UEPS can be used for banking, healthcare management, international money transfers, voting and identification.

Net 1 also focuses on the development and provision of secure transaction technology, solutions and services and offers transaction processing, financial and clinical risk management solutions to both funders and providers of healthcare. The company’s core competencies around secure online transaction processing, cryptography and integrated circuit card technologies are mainly applied to electronic commerce transactions in the telecommunications, banking, retail, petroleum and utilities market sectors.

Key Investment Highlights:

• Addressing Unmet Financial Needs in Developing Economies
• Ever Growing Product Offering and Distribution Channels
• Proprietary Payment System Boasts Proven Track Record
• Target Market Encompasses 50% of the World’s Population



Monday, January 23rd, 2012 Uncategorized
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