Net1 appoints Co-Chief Information Officers
09 March 2020 - 11:00PM
Net 1 UEPS Technologies, Inc. (Nasdaq: UEPS, JSE: NT1) (“Net1” or
the “Company”) today announced the appointment of Yasvanth Singh
and Keith Kourie as Chief Information Officers of the group.
Yasvanth Singh will be responsible for the development and
innovation of the UEPS/EMV payment system and related technologies
with a focus on South Africa and Africa. Keith Kourie will be
responsible for the blockchain, cryptography and digital banking
technologies with a focus on European markets.
Messrs. Singh and Kourie are both 15-year
veterans of Net1 and have played an integral role in the innovation
that utilizes the group’s core strengths in secure, affordable and
innovative financial technology solutions.
“We are delighted to announce the promotion of
two outstanding technologists who have a deep understanding of Net1
and its technologies as well as intricate knowledge of their
respective key markets,” said Herman Kotze, CEO of Net1. “Today’s
fast changing world requires specialized focus on global emerging
technologies with local relevance and applicability. Both Yasvanth
and Keith have extensive leadership experience within the group,
and will play a critical role in driving Net1’s technology
strategy,” he concluded.
Mr. Singh holds a Bachelor of Science
(Information Technology) degree from the University of
KwaZulu-Natal, South Africa, and Mr. Kourie holds a B.Sc degree in
Electrical Engineering from the University of the Witwatersrand,
South Africa.
About Net1 (www.net1.com)
Net1 is a leading provider of transaction
processing services, financial inclusion products and services and
secure payment technology. Net1 operates market-leading payment
processors in South Africa and the Republic of Korea.
Net1 offers debit, credit and prepaid processing and issuing
services for all major payment networks. In South Africa, Net1
provides innovative low-cost financial inclusion products,
including banking, lending and insurance and through DNI is a
leading distributor of mobile subscriber starter packs for Cell C,
a South African mobile network operator. Net1 leverages its
strategic equity investments in Finbond and Bank Frick (both
regulated banks), and Cell C to introduce products to new customers
and geographies. 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.
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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