• JSE (NT1) Price: R69.62
    • Change : up 1.19
    • Volume : 93
    • Data Time : 16:49 CAT
    • Data Date : 2018-12-14
    • Nasdaq (UEPS) Price: $4.86
    • Change : down -0.28
    • Volume : 219.529
    • Data Time : 17:00 EST
    • Data Date : 2018-12-14
Key Products


The Net1 Retail application manages the flow of electronic funds between consumers, retailers, wholesalers and financial service providers.

The solution offers merchants a cashless payment system, designed to meet their specific needs and the needs of their customers by offering security, affordability and accessibility.

Many of these merchants operate in under-developed areas where traditional financial institutions and their products are unavailable or limited due to the lack of communications infrastructures.

Benefits to the Merchant 

  • Increased turnover from a growing smart card client base
  • Reduced cash holdings
  • Reduced banking charges
  • Reduced communication costs
  • Reduced reconciliation problems
  • Reduced fraud and theft
  • New income streams

Benefits to the Cardholder 

  • Security - biometric fingerprint identification
  • If the card is lost, the funds are not lost
  • Reduced bank charges
  • Access to selected U.E.P.S. products and services
  • Separate spouse wallet on the same smart card
  • Ability to save and earn interest
Share to Facebook Share to Twitter Share