NET1 SHARE INFO
    • JSE (NT1) Price: R130.1
    • Change : down -14.4
    • Volume : 3
    • Data Time : 17:00 CAT
    • Data Date : 2017-11-21
    • Nasdaq (UEPS) Price: $10.12
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    • Volume : 322.845
    • Data Time : 17:00 EST
    • Data Date : 2017-11-21
Key Products
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Third Party Bill Payments

Bill payment services offered by traditional Financial Institutions allow for 3rd party payments to be made to "Registered" merchant accounts. This implies that merchants have to be signed up to perform this function.

In order to offer convenience to our cardholders, the U.E.P.S. enhances this product to accommodate "Linked" and "Once-Off" 3rd party account payments. This product allows transfers TO specified linked or once-off accounts.

Registered Merchants 

Merchants who wish to make use of this payment facility can participate by simply completing a 3rd Party Merchant Application form for registration on to the System Host.

Any U.E.P.S. cardholder wishing to make a 3rd party bill payment to merchants can select the option to pay a Registered Merchant on a U.E.P.S. POS/ATM.

The cardholder will select the merchant applicable and after successful biometric identification, the cardholder's smart card will be debited. At system settlement, the transactions on the merchant/ATM card are processed accordingly.

Linked Accounts 

When a client goes to their bank of choice to open up a U.E.P.S. smart card account, they can bring with them any personal 3rd Party Bill Accounts such as clothing, Hire Purchase, school fees, medical bills, etc. for "Linking" to their smart card.

These "Linked" accounts can include family and/or friends bank accounts.

An "Update" function is provided in the software application to enable clients to add new or modify existing "Linked" accounts.

The bank and client account details of the 3rd Party Recipient are stored on the smart card and need not be input by the client when performing a payment at a U.E.P.S. POS/ATM. At system settlement, the transactions on the merchant/ATM card are processed accordingly.

Once-Off Accounts 

The "Once-Off" account payment facility enables cardholders to make one-off electronic payments to the bank account of an unregistered or unlinked 3rd party beneficiary account.

The cardholder selects the menu option Once-Off Payments on a U.E.P.S. POS/ATM and enters the recipient's account details as well as the cardholder's account number held with the beneficiary.

At system settlement, the transactions on the merchant/ATM card are processed accordingly.

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