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Net 1 UEPS Technologies unit allowed to participate in tender process

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Net 1 UEPS Technologies unit allowed to participate in tender process

The Constitutional Court of South Africa has ruled that Net 1 UEPS Technologies Inc. subsidiary Cash Paymaster Services (Pty) Ltd., is not precluded from participating in the South African Social Security Agency's tender process which began in December 2017.

Cash Paymaster Services, which offers mobile payment services, on Feb. 6 launched an application with the court requesting a declaration that the company is not prohibited from participating in the December 2017 tender. The request was made after the SASSA had interpreted the original Constitutional Court order to preclude the unit from tendering in any future social grant distribution tenders.

Cash Paymaster Services said it cannot predict the timing of the SASSA tender process, whether it will actually participate or what the outcome will be.