Source: The Green Sheet

MasterCard Payment: Net1 acquires controlling stake in Masterpayment -- 10:22:06(CDT)4-04-2016

Johannesburg, South Africa, April 4, 2016 - Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) today announced that it has acquired a 60% interest in Masterpayment AG ("Masterpayment"), a specialist payment services processor based in Munich, Germany.

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Stefan Tittel's photo - Co-Founder & CEO of MasterCard Payment

Co-Founder & CEO

Stefan Tittel

CEO Approval Rating

70/100

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