Durban - Many South African Security Agency (SASSA) grant beneficiaries, during the latest card swop process, ended up with the Easy Pay Everywhere (EPE) green card often through devious and unethical means according to an expert panel monitoring the changeover in the social grant payment system.
“Grant beneficiaries are told by CPS and Net1 sale agents that the EPE card is the new SASSA/SAPO card,” wrote the panel in a report submitted to the Constitutional Court.
The report requested the Constitutional Court to instruct Net1 [parent company of Cash Paymaster Services(CPS)] to provide information on the revenue streams and costs it is generating, assessing the extent of undue profit.
“The revenue includes charging grant beneficiaries a R10 monthly maintenance fee on the SASSA branded Grindrod bank accounts since April 1, 2018 and income generated from charging beneficiaries ATM withdrawal fees.”
In response to these allegations, CPS spokesperson, Bridget von Holdt, said CPS does not extend any credit or loans and that the EasyPay Everywhere Card is marketed by a completely separate company called Moneyline Financial Services.