Net1, is a technology company, listed on the NASDAQ (NASDAQ: UEPS) that provides its Universal Electronic Payment System (UEPS), as an alternative payment system to address numerous Government initiatives which focus on enhancing the life style of their poorest citizens, establishing transparent systems of governance and transforming rural towns and villages into vibrant and integrated economic zones. Net 1 believes that it is the first company worldwide to implement a system that can enable the billions of people who generally have limited or no access to a bank account to affordably conduct electronic transactions with each other, financial institutions, government agencies, employers, retail merchants and other financial service providers.

Net1 is the leading provider of smart card technologies and systems that create a secure affordable transacting channel between formal business and the "banked", "un-banked" and "under-banked" populations of developing countries who have no or limited access to traditional banking facilities.

Net1's Universal Electronic Payment Solution (UEPS) provides a fully integrated payment, switching and settlement solution for multilple application services.

An Alternative Smart Payment Solution providing:
Affordability, Security, Functionality and Accessibility

To provide a secure, universal and affordable transacting system for all, utilising existing infrastructures, that will enable the majority of people unqualified access to previously inaccessible goods and services, resulting in the upliftment of their lifestyles, whilst opening up new, low risk and profitable markets for the suppliers concerned.