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Net1 banks on big increase in its EasyPay accounts

Net1 banks on big increase in its EasyPay accounts
By Sandile Mchunu
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DURBAN - NET1 UEPS Technologies said on Friday that its EasyPay Everywhere increased by 44 000 account holders in South Africa during the second quarter to end December, its first quarterly increase in eight quarters.
EasyPay focuses on the provision of high-volume, secure and convenient payment, prepayment and value-added services to the South African market.
EasyPay’s infrastructure connects into all major South African banks and switches both debit and credit card EFT transactions for some of South Africa’s leading retailers and petroleum companies.
Interim chief executive Alex Smith said on Friday that Net1 had seen another sequential increase in the use of their ATM infrastructure. ....

South Africa , Kwazulu Natal , South African , Alex Smith , Bank Frick Co , International Payment Group , Bank Frick , Kuno Frick Family Foundation , Easypay Everywhere , க்வஸூல்யூ நேட்டல் , அலெக்ஸ் ஸ்மித் , வங்கி ஃப்ரிக் இணை , சர்வதேச கட்டணம் குழு , வங்கி ஃப்ரிக் , குனோ ஃப்ரிக் குடும்பம் அடித்தளம் , ஈஸி பே எல்லா இடங்களிலும் ,

Net1 Sells Remaining Stake in Bank Frick

Net1 Sells Remaining Stake in Bank Frick
Net1 Sells Remaining Stake in Bank Frick
JOHANNESBURG, South Africa, Feb. 04, 2021 Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (“Net1” or the “Company”) today announced that it has sold its remaining interest in Bank Frick & Co. AG (“Bank Frick”) back to The Kuno Frick Family Foundation for $30 million. The gross proceeds of $30 million will be reduced by $3.6 million to terminate various agreements and settle liabilities between Bank Frick and Net1’s IPG operations. The Company received a $15 million payment at closing and the remaining proceeds are payable in two installments over the next 18 months. ....

South Africa , Alex Smith , Bank Frick , Ag Bank Frick , Kuno Frick Family Foundation , Company Annual Report On Form , Exchange Commission , Bank Frick Co , Technologies Inc , International Payments Group , Johannesburg Stock Exchange , South African Focused , Annual Report , Risk Factors , Relations Contact , Dara Dierks Managing Director , Holdt Business Director , அலெக்ஸ் ஸ்மித் , வங்கி ஃப்ரிக் , குனோ ஃப்ரிக் குடும்பம் அடித்தளம் , நிறுவனம் ஆண்டு அறிக்கை ஆன் வடிவம் , பரிமாற்றம் தரகு , வங்கி ஃப்ரிக் இணை , தொழில்நுட்பங்கள் இன்க் , சர்வதேச கொடுப்பனவுகள் குழு , ஜோகன்னஸ்பர்க் ஸ்டாக் பரிமாற்றம் ,

Net1 Sells Remaining Stake in Bank Frick

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Net1 Sells Remaining Stake in Bank Frick
Net 1 UEPS Technologies, Inc.February 4, 2021 GMT
JOHANNESBURG, South Africa, Feb. 04, 2021 (GLOBE NEWSWIRE) Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (“Net1” or the “Company”) today announced that it has sold its remaining interest in Bank Frick & Co. AG (“Bank Frick”) back to The Kuno Frick Family Foundation for $30 million. The gross proceeds of $30 million will be reduced by $3.6 million to terminate various agreements and settle liabilities between Bank Frick and Net1’s IPG operations. The Company received a $15 million payment at closing and the remaining proceeds are payable in two installments over the next 18 months. ....

South Africa , Alex Smith , Dara Dierks , Bank Frick , Ag Bank Frick , Kuno Frick Family Foundation , Company Annual Report On Form , Exchange Commission , Bank Frick Co , Technologies Inc , International Payments Group , Johannesburg Stock Exchange , South African Focused , Annual Report , Risk Factors , Relations Contact , அலெக்ஸ் ஸ்மித் , தாரா திேர்க்ஸ் , வங்கி ஃப்ரிக் , குனோ ஃப்ரிக் குடும்பம் அடித்தளம் , நிறுவனம் ஆண்டு அறிக்கை ஆன் வடிவம் , பரிமாற்றம் தரகு , வங்கி ஃப்ரிக் இணை , தொழில்நுட்பங்கள் இன்க் , சர்வதேச கொடுப்பனவுகள் குழு , ஜோகன்னஸ்பர்க் ஸ்டாக் பரிமாற்றம் ,