Cash Paymaster Services, which used to pay out social grants on behalf of the South African Social Security Agency, is to go into liquidation.
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Net1 UEPS Technologies is seeking to place a subsidiary that’s been ordered to repay hundreds of millions of rand to the welfare department in business rescue.
JSE- and Nasdaq-listed technology company Net1 UEPS Technologies will sell its Korean payments processing business KSNet to Stonebridge Capital and Payletter for R3.5-billion.
JSE-listed Net1 UEPS Technologies and QR-code payments specialist Zapper said on Thursday that they will launch a new company, called ZappGroup Africa, to white-label and expand Zapper’s technology across Africa.
Cash Paymaster Services, the subsidiary of tech giant Net1 UEPS, is facing fresh allegations of using “dirty tricks” to sabotage the South African Post Office’s efforts to become the sole social grants distributor over the
The South African Post Office is set to take over the administration of cash payments to two million social grant beneficiaries when the contract of service provider Net1 UEPS subsidiary Cash Paymaster Services expires