• JSE (LSK) Price: R84
    • Change : equal 0
    • Volume : 78.043
    • Data Time : 17:39 CAT
    • Data Date : 2022-06-24
    • JSE (LSAK) Price: R5.15
    • Change : up 0.05
    • Volume : 17.548
    • Data Time : 22:00 CAT
    • Data Date : 2022-06-27
Key Products

Social Grant Benefit Payments

The Net1 Social Grant Benefit Payments product was designed to enhance the participation of social grant beneficiaries in the economy of their countries.

The system seeks to eliminate previous inefficiencies and improve the lifestyles of all its users.

The system creates a secure and affordable transacting channel between formal businesses or Government and the "un-banked" and "under-banked" populations who have no or limited access to traditional banking facilities.

Benefits to Grant Beneficiaries: 

  • Convenience and security
  • Reduced fraud and theft
  • No need to stand in long queues at pay points
  • Beneficiary can have access to selected U.E.P.S. products and services
  • Reduction of transport costs
  • Functionality to save and earn interest on card
  • If the beneficiary loses their card, they do not lose their money
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