The technology group’s micro-lending and insurance businesses were under pressure amid Covid-19 lockdowns, but focus remains on SAFinancial services and technology group Net1 UEPS says it is eyeing continued expansion in SA in spite of a Covid-19 hit, saying loan advancements showed strong recovery in June, when ATM utilisation returned to pre-Covid-19 levels.
The group provides transaction processing services, including being a leading payment processor and bill payment platform in SA. The group also leverages its banking and payment platform to provide to “distribute low-cost financial and value-added services to under served consumers and small businesses.”
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