Net1 UEPS, a payment processor and bill payment platform, says it continued to feel pressure from Covid-19 in its first quarter ending September, including due to SA banks waiving fees for customers using the ATMs of peers for two months.

Group revenue fell to $34.5m (R514m) to end-September, with Net1 also reporting pressure from an increase in insurance-related claims attributed to the Covid-19 pandemic. Its operating loss widened 4% year on year to $11.2m...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now