Net1 U.E.P.S. Share Info
Value of Last Traded Share
- Salary & Wage Distribution Payments
- U.E.P.S. Banking
- Third Party Host Deductions
- Money Transfers
- Third Party Bill Payments
- Cash Advances
- Social Grant Benefit Payments
- Pension Collection & Distribution
- Retail
- Wholesale Distribution
- Transportation
- Pre-paid Utilities
- Virtual Top Up
- Loan Registration to Card
- Insurance
- National ID
- Voting
- Driver's Licence
- National Health Insurance
- Medical & Patient Management
- Loan Deposits to Cards
- Mobile Payments & Banking
U.E.P.S. Banking
The Net1 U.E.P.S. (Universal Electronic Payment System) has secured a foothold in a number of African countries by supplying turnkey banking solutions that are ideally suited for developed and developing economies. The U.E.P.S. system enables traditional financial institutions to surpass the offerings of competitors through the technological innovations available in the U.E.P.S. solution.
Option 1
The U.E.P.S. system can operate as a Stand-A-Lone system whereby financial institutions can issue smart cards to their clients as the physical Bank Account.
Option 2
This facility is offered whereby cardholders who already have an existing traditional bank account are able to transfer funds to their smart card from their bank account and vice-versa.
Benefits to Cardholder
- Offline spending
- No charges on spending
- Reduced fraud and theft
- Transact at any participating merchant
Benefits to Merchant / Teller
- Increased client base
- Low transaction / administrative costs
- Limited telecommunications infrastructure required
- Reduced fraud and theft
- System security – multiple audit trail