Net 1 Ueps Technologies Inc.
President Place 4th Floor
Cnr Jan Smuts Avenue & Bolton Road Rosebank
Johannesburg,
2196
South Africa - Map
Phone: 27 11 343 2000
Fax: 27 11 442 5908
Web Site: http://www.aplitec.co.za
| Net 1 UEPS Technologies, Inc. provides universal electronic payment system (UEPS) as an alternative payment system for the unbanked and under-banked populations in South Africa. The companys UEPS system uses secure smart cards that operate in real time but offline, which means users of the system can enter into transactions at any time with other card holders in even the remote areas; and can be used for banking, health care management, international money transfers, voting, and identification. The company operates in four segments: Transaction-Based Activities; Smart Card Accounts; Financial Services; and Hardware, Software, and Related Technology Sales. The Transaction-Based Activities segment provides state pension and welfare benefit distribution services to provincial governments and transaction processing for retailers, utilities, and banks. This segment also offers payment of social welfare grants, debit orders, and wages; point of sale spending; distribution of medicine; money transfers; prepayment of utility bills and mobile phone airtime; and transaction fees. The Smart Card Accounts segment provides smart card accounts, which primarily consist of social welfare grant beneficiaries to its card holders. The Financial Services segment facilitates short-term loans and life insurance products to the card holders through the smart card delivery channel. The Hardware, Software, and Related Technology Sales segment offers hardware and software required to implement its UEPS system, as well as develops and provides prism secure transaction technology, solutions, and services. Net 1 UEPS Technologies, Inc. also leases terminals to merchants and provides an automated payment collection service to third parties. It primarily serves financial, retail, telecommunication, utilities, and petroleum sectors. The company was founded in 1989 and is headquartered in Johannesburg, South Africa. |
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| Key Statistics |
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| | Pay | Exercised | Dr. Serge C.P. Belamant , 55
Chairman, Chief Exec. Officer of Net 1 Applied Technologies South Africa Limited |
$
1.25M |
$
358.00K | Mr. Herman Gideon Kotze , 40
Chief Financial Officer, Principal Accounting Officer, Sec., Treasurer |
$
725.00K |
$
358.00K | Mr. Nitin Soma , 41
Sr. VP of Information Technology |
$
360.00K |
$
0 | Mrs. Brenda L. Stewart , 52
Managing Director of Net1 Universal Electronic Technological Solutions |
N/A
| N/A | Mr. Eric Meniere , 43
Managing Director of Virtual Card |
N/A
| N/A |
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Dollar amounts are as of
31-Dec-09
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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0.20% Nasdaq 
Profile
