Net1's ZAZOO Launches Utility Vending System for Prepaid Electricity, Water and Gas Meters - Seite 2

The Utility Vending System integrates seamlessly with ZAZOO's award winning Virtual Top Up ("VTU") technology, which turns any mobile phone into a powerful, secure vending device, enabling distributors and vendors to easily distribute a wide range of prepaid and Value-Added Services ("VAS") products such as prepaid airtime and data, prepaid electricity and Lotto tickets, for example.

VTU allows distributors to effectively oversee the vendors in their distribution network and focus on their sales efforts, while a feature-rich management interface provides transparent access to vendors and distributors. Stored-value PINs on VTU allow for online products on the platform to be redeemed by the consumer after purchase through an easy to use Unstructured Supplementary Service Data ("USSD") menu.

About Net 1 UEPS Technologies, Inc. (www.net1.com)

Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System ("UEPS"), to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is interoperable with global EMV standards that seamlessly permit access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification.

Net1 operates market-leading payment processors in South Africa and the Republic of Korea. In addition, Net1's proprietary MVC technology offers secure mobile payments and banking services in developed and emerging countries.

Net1 has a primary listing on Nasdaq and a secondary listing on the Johannesburg Stock Exchange.

About Zazoo (www.zazooltd.com)
Zazoo is an aggregation of innovative technology companies and a leading provider of payment solutions and transaction processing services. Zazoo's diverse product offering is consolidated into five primary business lines, namely: Mobile Banking, MNO Solutions, Third Party Payments, Cryptography, and Smart Card technologies.

Net1 Investor Relations Contact

Dhruv Chopra
Head of Investor Relations
Phone: [phone]
Email: [e-mail]

ZAZOO Contact

Philip Belamant
Managing Director
Phone: [phone]
Email: [e-mail]