Net1 Mobile Solutions' Pasavute Service Surpasses 20 Million Airtime Advances in Six Months in Malawi

JOHANNESBURG, SOUTH AFRICA--(Marketwired - Sept. 15, 2014) - South Africa-based Net1 Mobile Solutions ("N1MS"), a business unit of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS)(JSE:NT1) in partnership with Supa Pesa, has serviced more than 20 million airtime advance requests for the advance airtime service called Pasavute, which is offered by Telekom Networks Malawi ("TNM"). This major milestone was achieved only six months after the launch of Pasavute in Malawi, a country with a population of approximately 16 million people, with as many as 201,000 loan requests being received and processed in a single day.

Net1 Mobile Solutions' Pasavute Service Surpasses 20 Million Airtime Advances in Six Months in Malawi