Net1 Mobile Solutions Gives R750 000 Back to Its Customers

JOHANNESBURG, SOUTH AFRICA--(Marketwired - December 11, 2014) - Net1 Mobile Solutions ("N1MS"), a business unit of Net 1 UEPS Technologies Inc. ("Net1") (NASDAQ: UEPS) (JSE: NT1), today announced the start of its Umoya Manje promotion, which is worth a whopping R750 000. The promotion started yesterday and will run from 10 December to 31 December 2014. There is no participation fee and users become eligible to win their share of R750 000 in cash prizes simply by using the service during this time.

"The festive season is a time of great joy, but also one of significant financial pressure, which is why we have chosen to give back to our loyal customers, and to make their festive season more rewarding by enabling them to win daily monetary prizes," says Philip Belamant, N1MS Managing Director. "We have specifically chosen to give away a large number of prizes daily, resulting in a high volume of winners, thereby enabling us to touch as many lives as we can, even in the smallest of ways."

Umoya Manje is a South African service that literally translates to 'Airtime Now.' It uses AVS technology and provides prepaid services to more than 4 million South Africans. Seemless delivery through the mobile channel has enhanced the way in which the vast majority of previously un-banked and under banked South Africans access services, such as prepaid airtime and electricity.

Umoya Manje allows customers to purchase pre-paid airtime, while Power Manje enables customers to purchase pre-paid electricity. "Both services are available directly from a customer's mobile phone, offering the ultimate in convenience to millions of people who would otherwise have to travel far distances to purchase airtime and electricity -- both necessities to keep people connected, safe and happy during the festive period," adds Belamant. 

Customers are required to verify themselves by providing secure information through the Manje Service prior to having access, thus ensuring the integrity of the account holder's information and funds. In order to further protect our users against illegal usage, users are able to deactivate any Manje service immediately by contacting our 24/7 call center. To reactivate the service thereafter, a biometric verification is required.

"Our customers have been notified via SMS and on the Umoya Manje USSD menu about the competition and we are sure that they are going to be excited," says Belamant.

"The winners are randomly selected, and their prize will be paid directly into the user's account via EFT for them to spend as they please. It's our way of giving back to our valued customers."

About Net1 Mobile Solutions (www.net1mobile.com)
South African-based technology entity Net1 Mobile Solutions encompasses a combination of world class solutions tailored to the global market. Its diverse product offering is consolidated into five primary business lines, namely: Mobile Banking, MNO Solutions, Third Party Payments, Cryptography, and Chip. Net1 Mobile Solutions is part of the Net1 UEPS Technologies Group.

About Net 1 (www.net1.com)
Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS"), to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly permit access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification. Net1 operates market-leading payment processors in South Africa and the Republic of Korea. In addition, Net1's proprietary MVC technology offers secure mobile payments and banking services in developed and emerging countries. Net1 has a primary listing on NASDAQ and a secondary listing on the Johannesburg Stock Exchange.