(1) Net 1 UEPS Technologies Inc (NASDAQ:UEPS) triggered: 02/21/2019
Net 1 UEPS Technologies is a provider of payment solutions, transaction processing services and financial technology. Co.'s system enables people who have limited or no access to a bank account to enter into electronic transactions with each other, government agencies, employers, merchants and other financial service providers. Co.'s universal electronic payment system (UEPS) and UEPS/EuroPay, MasterCard and Visa global standard derivative uses biometrically secure smart cards that operate in real-time but offline. This offline capability means that users of Co.'s system can conduct transactions with other card holders even in remote areas so long as a smart card reader is available.
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