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net 1 ueps technologies inc (UEPS) Details

Net 1 UEPS Technologies, Inc. provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. The company develops and markets transaction processing solutions, including smart card-based alternative payment systems for the unbanked and under-banked populations of developing economies and for mobile transaction channels. It operates through three segments: South African Transaction Processing, International Transaction Processing, and Financial Inclusion and Applied Technologies. The South African Transaction Processing segment primarily offers welfare benefit distribution services for the South African government; and transaction processing for retailers, utilities, and banks. The International Transaction Processing segment offers payment processing services to merchants and card issuers. The Financial Inclusion and Applied Technologies segment provides short-term loans and bank accounts. It also sells prepaid products, such as electricity and airtime, hardware and software, and life insurance products. In addition, this segment distributes mobile subscriber starter packs; and provides financing and project management services to develop and maintain a tower network, as well as operates Money4Jam, a micro-jobbing platform that connects companies and job-seekers for the completion of micro-jobs through mobile phone technology. The company was founded in 1989 and is headquartered in Johannesburg, South Africa.

8,379 Employees
Last Reported Date: 12/6/18
Founded in 1989

net 1 ueps technologies inc (UEPS) Top Compensated Officers

CEO & Director
Total Annual Compensation: $957.3K
CFO, Treasurer, Secretary & Director
Total Annual Compensation: $684.1K
CEO & President of KSNET, Inc
Total Annual Compensation: $675.6K
Managing Director of Southern Africa
Total Annual Compensation: $387.9K
Consultant
Total Annual Compensation: $9.5M
Compensation as of Fiscal Year 2018.
net 1 ueps technologies inc
Net 1 UEPS Technologies, Inc. Announces Resignation of Nitin Soma as Vice President – Information Technology

On June 30, 2019, Mr. Nitin Soma resigned from his position as Vice President – Information Technology of Net 1 UEPS Technologies, Inc., effective immediately. The resignation of Mr. Soma was not the result of a disagreement with the company or on any matter relating to the company’s operations, policies or practices.

Net 1 UEPS Technologies, Inc. Announces Board Changes

Net 1 UEPS Technologies, Inc. announced that its board of directors has reviewed the constitution of its board committees and chairmanships and made changes effective July 1, 2019. Net1's board committees comprise only non-employee directors. Audit committee consists - Ekta Singh-Bushell as Chairperson and Paul Edwards, Alfred T. Mockett, Alasdair J.K. Pein, Christopher S. Seabrooke as members. Remuneration committee consists - Alasdair J.K. Pein as Chairperson and Paul Edwards, Alfred T. Mockett, Christopher S. Seabrooke and Ekta Singh-Bushell as members. Nominating and Corporate Governance Committee consists - Alfred T. Mockett as Chairperson and Paul Edwards, Alasdair J.K. Pein, Christopher S. Seabrooke and Ekta Singh-Bushell as members. In addition, Paul Edwards has been appointed to the newly created position of Deputy Chairman of the board. Christopher Seabrooke continues as Chairman of the board and lead independent director.

Net 1 UEPS Technologies, Inc. Presents at Barclays Emerging Payments Forum, May-22-2019

Net 1 UEPS Technologies, Inc. Presents at Barclays Emerging Payments Forum, May-22-2019 . Venue: Barclays 745 Seventh Avenue, New York, New York, United States. Speakers: Dhruv Chopra, Group Vice President, Investor Relations.

 

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