Net1 UEPS Technologies (UEPS) +26.2% premarket after receiving a contract from the South African...

|About: Net 1 UEPS Technologies, Inc. (UEPS)|By:, SA News Editor

Net1 UEPS Technologies (UEPS) +26.2% premarket after receiving a contract from the South African Social Security Agency for the provision of payment services for social grants in all of South Africa's nine provinces. Given the magnitude of the tender award, Net1 says it expects a significant impact on its finances as a result of new volume and pricing.