Net1 Announces Acquisition of BGS Smart Card Systems
Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) (NASDAQ:UEPS) today announced that it has acquired 80.1% of BGS Smartcard Systems AG (“BGS”), an Austrian private company that provides smart card-based payment systems to banks, enterprises and government authorities in Russia, Ukraine, Uzbekistan, Mongolia, Vietnam, India and Oman.