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    • Data Date : 2022-06-24
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    • Volume : 17.548
    • Data Time : 22:00 CAT
    • Data Date : 2022-06-27
Key Products

U.E.P.S. Banking

The Net1 U.E.P.S. (Universal Electronic Payment System) has secured a foothold in a number of African countries by supplying turnkey banking solutions that are ideally suited for developed and developing economies.

The U.E.P.S. system enables traditional financial institutions to surpass the offerings of competitors through the technological innovations available in the U.E.P.S. solution.

Option 1

The U.E.P.S. system can operate as a Stand-A-Lone system whereby financial institutions can issue smart cards to their clients as the physical Bank Account.

Option 2

This facility is offered whereby cardholders who already have an existing traditional bank account are able to transfer funds to their smart card from their bank account and vice-versa.

Benefits to Cardholder

  • Offline spending
  • No charges on spending
  • Reduced fraud and theft
  • Transact at any participating merchant

Benefits to Merchant / Teller 

  • Increased client base
  • Low transaction / administrative costs
  • Limited telecommunications infrastructure required
  • Reduced fraud and theft
  • System security - multiple audit trail
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