Johannesburg - JSE-listed Net1 UEPS Technologies announced on Tuesday that it had been included on Fortune’s 100 fastest-growing companies list for 2015.
The payment solutions and transaction processing services company, whose primary listing is on the Nasdaq, joins the prestigious annual list of public companies with the most stellar three-year profit, revenue and stock growth.
Net1’s Universal Electronic Payment System (UEPS) facilitates biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations in developing economies around the world in an online or offline environment. Net1 operates market-leading payment processors in South Africa and the Republic of Korea.
The company’s UEPS/EMV solution seamlessly enables access to all the UEPS functionality in a traditional EMV environment. EMV, a global standard for credit and debit payment cards based on chip card technology, takes its name from the card schemes Europay, MasterCard, and Visa, the original card schemes that developed it.
In addition to payments, UEPS can be used for banking, health-care management, payroll, remittances, voting and identification.
“I am very proud of our maiden inclusion in Fortune’s 100 fastest growing companies list,” said Net1 chairman and chief executive officer Dr Serge Belamant.
“Our ranking in the top 100 affirms the efforts of the Net1 global team over the last three years and I look forward to sustaining the momentum as we diversify our activities.”
ANA