Net 1 UEPS Technologies Company Profile - Aug 05, 2011 by WrightReports

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									Company Fundamentals\Company Profile

   A Wright Investors' Service Research Report:

   Net 1 UEPS Technologies, Incorporation
                                                                                         440 Wheelers Farms Road
                                                                                         Milford, CT 06461 U.S.A.


  COMPANY PROFILE
  Figures in South African Rands

                                Wright Quality Rating:DDA11                                 Key Data

   Net 1 UEPS Technologies, Inc. (Net1) provides a smart-card based alternative             Ticker:
   payment system for the unbanked and underbanked populations of developing                UEPS
   economies. The Company's universal electronic payment system (UEPS) uses
   biometrically secure smart cards that operate in real-time but offline. This offline     2010 Sales:
   capability means that users of its system can conduct transactions at any time with
                                                                                            2,126,064,696
   other card holders in even the most remote areas so long as a smart card reader,
   which is often portable and battery powered, is available. In addition to effecting
   purchases, cash-backs and any form of payment, its system can be used for                Major Industry:
   banking, health care management, international money transfers, voting and               Electronics
   identification. The Company has four business segments: transaction-based
   activities, smart card accounts, financial services and hardware, software and           Sub Industry:
   related technology sales. In March 2010, Net1 acquired Net1 FIHRST Holdings              Electronic Data Processing
   (Proprietary) Limited.                                                                   Equipment
                       Stock Chart                               Officers
                                                        Chairman & Chief Executive          Country:
                                                          Dr. Serge C.P. Belamant           South Africa

                                                              Chief Financial Officer,      Currency:
                                                              Secretary & Treasurer
                                                                                            South African Rands
                                                               Herman Gideon Kotze

                                                                                            Fiscal Year Ends:
                                                                                            June

                                                                                            Employees
                                                                                            2,192

                                                                                            Exchanges:
                                                                                            NAS

                                                                                            Share Type:
                                                                                            Ordinary

                                   
								
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