SOURCE: Net 1 UEPS Technologies Inc.

Net 1 UEPS Technologies Inc.

August 24, 2015 16:15 ET

Net1 Ranked in Fortune's 100 Fastest-Growing Companies List for 2015

JOHANNESBURG, SOUTH AFRICA--(Marketwired - August 24, 2015) - Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) (JSE: NT1) ("Net1") today announced that it has been ranked on Fortune's 100 Fastest-Growing Companies list for 2015, the publication's annual list of public companies with the most stellar three-year profit, revenue, and stock growth.

Fortune's methodology includes companies that have posted an annualized growth in revenue and earnings per share ("EPS") of at least 15% annually over the three years ended on or before April 30, 2015. Companies that meet these criteria are ranked by revenue growth rate, EPS growth rate and three-year annualized total return for the period ended June 30, 2015. Net1 ranked 60th for EPS growth, 91st for revenue growth, 78th for total return and 99th overall.

"I am very proud of our maiden inclusion in Fortune's 100 Fastest Growing Companies list," said Dr. Serge Belamant, Chairman and Chief Executive Officer of Net1. "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," he concluded.

About Net 1 UEPS Technologies, Inc. (www.net1.com)

Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS") or utilize its proprietary mobile technologies. The Company operates market-leading payment processors in South Africa and the Republic of Korea.

UEPS permits the Company 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 enable 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's mobile technologies include its proprietary mobile payments solution -- MVC, which offers secure mobile-based payments, as well as mobile banking and prepaid value-added services in developed and emerging countries. The Company intends to deploy its varied mobile solutions through its ZAZOO business unit, which is an aggregation of innovative technology companies and is based in the United Kingdom.

Net1 has a primary listing on the NASDAQ and a secondary listing on the Johannesburg Stock Exchange.

Contact Information

  • Net1 Investor Relations Contact
    Dhruv Chopra
    Head of Investor Relations
    Phone: +1-917-767-6722
    Email: dchopra@net1.com