Technology | 2015.06.02
Net1 Acquires Significant Minority Stake in Transact24 Group
JOHANNESBURG--(BUSINESS WIRE)--Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) (NasdaqGS:UEPS) (JSE:NT1) today announced that it has acquired a 43.88% interest in Transact24 Limited (“T24”), a specialist Hong Kong-based payment services company. T24’s primary business activities include: Chinese debit card acquiring – T24 has processing relationships with China UnionPay, AliPay and five other Chinese gateways; Credit card acquiring – T24 has acquiring relationships with banks and proces
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