JOHANNESBURG, SOUTH AFRICA--(Marketwired - March 19, 2015) - Net 1 UEPS Technologies, Inc. (the "Company") (
Further to the directions provided by the South African Constitutional Court ("Court") as described in the Company's press releases dated February 6, 11, 18 and 26, 2015, the Court issued the following order today:
Certain parties also requested the Court for an order directing that parties may only approach the Court for further relief if it is necessary to protect the interests of beneficiaries. The Court reserved judgment on this issue.
About Net1 (www.net1.com)
Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS"), to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly permit access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification.
Net1 operates market-leading payment processors in South Africa and the Republic of Korea. In addition, Net1's proprietary MVC technology offers secure mobile payments and banking services in developed and emerging countries.
Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange.
Contact Information:
Investor Relations Contact:
Dhruv Chopra
Head of Investor Relations
Phone: +1-917-767-6722
Email: dchopra@net1.com