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Net1’s Ceevo launches new payment solution in Europe
Net 1 UEPS Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: UEPS
JSE share code: NT1
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
(“Net1,” or the “Company”)
Net1’s Ceevo launches new payment solution in Europe
JOHANNESBURG, July 2, 2020 – Net1 (Nasdaq: UEPS; JSE: NT1) today announced that it has
launched its automated onboarding payment gateway solution across Europe, offering local
merchants a fast and simple plug-and-play payment solution available on www.ceevo.com to help
them capitalize on growing cross-border ecommerce opportunities.
Net1’s Ceevo, formerly known as the International Payments Group, leverages its international
reach and financial and technological expertise, to handle all the complexities of international
payments including security, regulation, and a vast range of payment options so that merchants
can focus on growing their businesses.
Ceevo’s solution is now available to all European merchants. Ceevo believes that the speed and
simplicity of accepting electronic payments through its solution, together with its cross-border and
compliance expertise, will be particularly attractive to underserved merchants in Eastern Europe
who are either too small for large, multinational players, or underserved by local players who are
unable to provide the necessary solutions to meet the international aspirations of these merchants.
“We are delighted to launch our Ceevo brand along with the first of our payment services
developed on our new technology platform,” said Herman Kotze, CEO of Net1. “Our Ceevo team
will focus on providing seamless, secure and trustworthy payment services that will enable
European merchants to participate in global ecommerce activities by accepting payments from
anybody, in any currency, from anywhere in the world.”
About Net1 (www.net1.com)
Net1 is a multinational financial technology company with a presence in Africa, Asia and Europe.
Net1 leverages its proprietary banking and payment technology to distribute low-cost financial
and value-added services to underbanked consumers and small businesses. The Company also
provides transaction processing services, including being a leading payment processor and bill
payment platform in South Africa. Net1 leverages its strategic investments in banks, telecom and
mobile payment technology companies to further expand its product offerings or to enter new
markets. Net1 has a primary listing on NASDAQ (NasdaqGS: UEPS) and a secondary listing on
the Johannesburg Stock Exchange (JSE: NT1). Visit www.net1.com for additional information
about Net1.
Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and
uncertainties. All statements, other than statements of historical fact, included in this press release
regarding strategy, future operations, and future revenues are forward-looking statements. The
Company may not actually achieve the plans, intentions or expectations disclosed in its forward-
looking statements. Actual results or events could differ materially from the plans, intentions and
expectations disclosed in the forward-looking statements that the Company makes. Factors that
might cause such differences are included in the Company’s reports filed with the Securities and
Exchange Commission, particularly in the “Risk Factors” section of the Company’s Annual
Report on Form 10-K for the fiscal year ended June 30, 2019, as such Risk Factors may be
updated from time to time in subsequent reports. The Company does not assume any obligation to
update any forward-looking statements, whether as a result of new information, future events or
otherwise.
Investor Relations Contact:
Dhruv Chopra
Group Vice President, Investor Relations
Phone: +1 917-767-6722
Email: dchopra@net1.com
Media Relations Contact:
Bridget von Holdt
Business Director – BCW
Phone: +27-82-610-0650
Email: Bridget.vonholdt@bcw-global.com
Johannesburg
July 2, 2020
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 02-07-2020 03:15:00
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