Net1

Net1 UEPS Technologies (now Lesaka Technologies) is a South Africa-based provider of alternative payment systems using its Universal Electronic Payment System (UEPS) technology, serving unbanked and underbanked populations across emerging markets. The company processes social grants, wage payments, and financial transactions for governments and enterprises primarily in Africa, with operations spanning payment processing, lending, insurance, and airtime distribution. Net1 was founded in 1989 and listed on NASDAQ under the ticker UEPS before rebranding to Lesaka Technologies. Its customers include government agencies, employers, and underbanked consumers seeking financial access in developing economies.