Transact24: Net1 Acquires Remaining Shares in Transact24

JOHANNESBURG, SOUTH AFRICA--(Marketwired - January 25, 2016) - Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) today announced that it has acquired the remaining 56% of Transact24 Limited ("T24"), a specialist Hong Kong-based payment services company. Net1 now owns 100% of T24, having acquired approximately 44% of T24 in May 2015. Philip Meyer, Managing Director of T24 and an industry veteran in the international payments and transaction processing industries, will become an executive officer of Net1.read more