Last $12.50 USD
Change Today +0.24 / 1.96%
Volume 1.2M
UEPS On Other Exchanges
Symbol
Exchange
Johannesburg
Berlin
As of 12:38 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

President Place

4th Floor

Cnr. Jan Smuts Avenue and Bolton Road

Rosebank

Johannesburg, 2196

South Africa

Phone: 27 11 343 2000

Fax: 27 11 442 5908

Net 1 UEPS Technologies, Inc. provides payment solutions and transaction processing services in various industries. The company develops and markets a comprehensive transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels. The company’s universal electronic payment system (UEPS) uses biometrically secure smart cards that operate in real-time but offline, unlike traditional payment systems offered by major banking institutions that require immediate access through a communications network to a centralized computer. The company’s latest version of the UEPS technology has been certified by the EuroPay, MasterCard and Visa global standard (EMV), which facilitates its traditionally proprietary UEPS system to interoperate with the EMV standard and allows card holders to transact at any EMV-enabled point of sale terminal or ATM. The UEPS/EMV technology has been deployed on an extensive scale in South Africa through the issuance of MasterCard-branded UEPS/EMV cards to its social welfare grant customers. The company also provides secure transaction technology solutions and services, by offering transaction processing, financial and clinical risk management solutions to various industries. The company’s technology is used in South Africa, where the company distributes pension and welfare payments, using its UEPS/EMV technology, to approximately nine million recipient cardholders across the entire country, process debit and credit card payment transactions on behalf of a range of retailers through its EasyPay system, process value-added services, such as bill payments and prepaid airtime and electricity for the major bill issuers and local councils in South Africa, and provide mobile telephone top-up transactions for all of the South African mobile carriers. The company is a provider of third-party and associated payroll payments in South Africa through its FIHRST service that processes monthly payments for approximately 1,300 employer groups representing approximately 900,000 employees. The company’s MediKredit service provides the majority of funders and providers of healthcare in South Africa with an on-line real-time management system for healthcare transactions. The company performs a similar service in the U.S. through its XeoHealth subsidiary. Internationally, through KSNET Inc. (KSNET), the company offers card processing, payment gateway and banking value-added services in that country. The company’s Net1 Mobile Solutions business unit is responsible for the worldwide technical development and commercialization of its array of Web and mobile applications and payment technologies, such as Mobile Virtual Card (MVC), Chip and GSM licensing and VTU and has deployed solutions in many countries, including South Africa, Namibia, Nigeria, Cameroon, the Philippines and Colombia. Products UEPS and UEPS/EMV The company developed its core UEPS technology to enable the delivery of financial products and services to the unbanked and under-banked populations. The transfer of money or other information can take place without any communication with a centralized computer since all validation, creation of audit records, encryption, decryption and authorization take place on, or are generated between, the smart cards themselves. The company’s UEPS technology includes functionality that allows the following: transparent and automatic recovery of transactions; transaction cancellation; refunds; multiple audit trails; offline loading and spending; biometric identification; continuous debit; multiple wallets; ‘Morphing’ of other common payment systems, such as EMV; automatic credit; automatic debit; interest calculations; and ‘Milking’ / batching of large transaction volumes in an off-line environment. The company’s UEPS technology incorporates the software, smart cards, payment terminals, back-end infrastructure and transaction security to provide a complete payment and transaction processing solution. Within industry verticals, its UEPS technology is applied to electroni

 

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UEPS Competitors

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Company Last Change
MasterCard Inc $75.68 USD -0.13
Nice Information & Telecommunication Inc 24,650 KRW -200.00
Visa Inc $214.18 USD +1.66
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Industry Analysis

UEPS

Industry Average

Valuation UEPS Industry Range
Price/Earnings 8.2x
Price/Sales 1.0x
Price/Book 1.3x
Price/Cash Flow 5.3x
TEV/Sales 0.8x
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