Net 1 Ueps Technologies, Inc. provides smart card technology-based Universal Electronic Payment System (UEPS), as an alternative payment system for the unbanked and under-banked populations in South Africa. Its system uses secure smart cards that operate in real time but offline, which means users of the system can enter into transactions at any time with other card holders in even the remote areas so long as a portable offline card reader is available. In addition, the system can be used for banking, health care management, international money transfers, voting, and identification. It operates in four segments: Transaction-Based Activities, Smart Card Accounts, Financial Services, and...