Net1’s Ceevo launches new payment solution in Europe
02 Juli 2020 - 3:15PM
Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) (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
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