Net 1 UEPS Technologies, Inc. is a provider of payment solutions and transaction processing services across a range of industries and in various geographies. The Company operates in four segments: Smart card accounts, International transaction-based activities, financial services and Hardware, software and related technology sales. The Company has developed and markets a transaction processing solution that consists of smart card-based alternative payment system for the unbanked and under-banked populations and for mobile transaction channels. The Company's electronic payment system (UEPS), uses biometrically secure smart cards that operate in real-time but offline. The Company also provides secure transaction technology solutions and services, by offering transaction processing, financial and clinical risk management solutions to various industries.