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Net 1 UEPS Technologies, Inc.(NASDAQ : UEPS)
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Technology Services » Packaged Software
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Net 1 UEPS Technologies, Inc. provides payment solutions and transaction processing services in South Africa. It 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. The company 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.