Revenue Generation
Company revenues are generated through different operational models including:
- Locally installed and maintained systems;
- Outsourced technological platforms;
- Operating specific applications on behalf of customers.
In all of these models, Net1 realizes revenues from numerous areas such as transaction fees, annual licenses, card fees, account management fees and technology transfers.
Net1 focuses on providing numerous financial services to its card based clients through partnerships with local companies who in turn target the local individuals. Net1 capitalizes on supplying its technological platforms to business ventures thereby using these platforms to generate ongoing revenue streams.
Net1 also provides secure transaction technology, solutions and services to the Telecoms, Retailers, Petroleum and Utilities market sectors. Net1 plans to extend its ability to deliver solutions across the entire spectrum of transaction processing and grow internationally. Net1 has formed joint ventures in Colombia and Vietnam to implement its Virtual Top-Up (VTU) solution for mobile phone-based prepaid airtime vending.