Net1 buys into Nigerian finance firm
Net 1 UEPS Technologies has acquired a 25% interest in One Credit, a leading Nigerian consumer finance company focused on providing credit to unbanked, salaried Nigerian consumers. The company has also agreed to provide One Credit with a credit facility of up to...Net1 responds to corruption allegations
Net 1 UEPS Technologies has announced that Cash Paymaster Services, a subsidiary of the company, has been named as a respondent in a Notice of Motion filed by Corruption Watch, a South African non-profit civil society organisation. The Notice of Motion seeks an order from the High Court of South Africa for the reviewing and setting aside of the decision by the CEO of the South African Social Security Agency (SASSA) on 25 April 2014 to approve payment of R317-million to CPS.