Net1
Net1 Universal Technologies (Austria) GmbHGersthoferstrasse 131
A-1180 Vienna
Austria
Tel: +43 1 47601-0
Fax: +43 1 47601 330
Email: info@at.net1.com
Web: www.at.net1.com
Function: Mobile Payment Solutions
The Net1 Group is headquartered in Johannesburg, South Africa, and has subsidiaries in Austria, India, Russia, the USA, and affiliates all around the world. Net1 has a primary listing on the NASDAQ (UEPS) and a secondary listing on the JSE Limited (Johannesburg Stock Exchange). With a track record of 20 successful years in the payments industry, an in-depth knowledge of developing, integrating and upgrading financial transaction systems for a broad range of business requirements, Net1 remains at the cutting edge of payment systems related technologies. The Net1 Group is a worldwide leader in providing secure and innovative payment systems with reference projects that include mobile phone-based payment solutions in the US and Mexico, the national interbank payment system in Uzbekistan, an e-government solution in the Sultanate of Oman, a social benefits distribution system in South Africa, the biometric-based national payment system in Ghana, as well as government grant payments in Iraq.
Net1's latest product innovation "VCpay" is an innovative mobile phone-based payment solution that enables secure and convenient purchases with no disruption to existing merchant infrastructures and significant incentives for all stakeholders. VCpay enables a consumer to securely generate a one-time use Mobile Virtual Card (MVC) number for a specific purchase amount on his/her mobile handset. MVCs are used like traditional plastic credit or debit cards, except that as soon as the transaction is authorized, the generated card number expires immediately. VCpay demonstrates Net1's ability to create technological solutions that facilitate a multitude of compelling business models for mobile network operators, payment associations, card issuers and retailers. VCpay offers a wide range of mobile payment products and services such as retail purchases (via NFC, QR codes), online payments, money transfers/remittances, gift vouchers, and many more. VCpay can considerably enhance an Issuer’s value proposition, as well as offer new, lucrative and previously unviable or unavailable business models.
Net1's latest product innovation "VCpay" is an innovative mobile phone-based payment solution that enables secure and convenient purchases with no disruption to existing merchant infrastructures and significant incentives for all stakeholders. VCpay enables a consumer to securely generate a one-time use Mobile Virtual Card (MVC) number for a specific purchase amount on his/her mobile handset. MVCs are used like traditional plastic credit or debit cards, except that as soon as the transaction is authorized, the generated card number expires immediately. VCpay demonstrates Net1's ability to create technological solutions that facilitate a multitude of compelling business models for mobile network operators, payment associations, card issuers and retailers. VCpay offers a wide range of mobile payment products and services such as retail purchases (via NFC, QR codes), online payments, money transfers/remittances, gift vouchers, and many more. VCpay can considerably enhance an Issuer’s value proposition, as well as offer new, lucrative and previously unviable or unavailable business models.