Browsing: CPS

Net1 UEPS Technologies, the company facing a corruption probe by US authorities, including the Securities & Exchange Commission (SEC) and the Federal Bureau of Investigation (FBI), has itself filed a R478m lawsuit against Absa subsidiary AllPay. AllPay, a unit of banking group

JSE- and Nasdaq-listed Net1 UEPS Technologies, which earlier this year won a contested multibillion-rand project to roll out a system for the payment of social grants in South Africa, is now facing investigations by US authorities into whether it made corrupt payments to government officials to secure the contract

Behind the legal storm raging over the recent awarding of a R10bn SA Social Services Agency (Sassa) contract, a far greater prize is at stake: the chance to load microloan and insurance products on to the R105bn the government pays in social grants monthly. Net1 UEPS, the New York-listed parent

Net1 UEPS Technologies, the Nasdaq- and JSE-listed technology company that recently won a R10bn tender for the payment of social grants in SA, has won the right to appeal a high court decision that found the tender process was illegal and invalid

Cash Paymaster Services (CPS), a subsidiary of Nasdaq- and JSE-listed electronic payments company Net1 UEPS Technologies, has been awarded a five-year contract worth R10bn by the SA Social Security Agency. The will see CPS providing payment services for SA social grants across the country. The award