Net 1 UEPS Technologies, Inc. Announces Resignation of Philippus S. Meyer as Managing Director
November 04, 2020 at 02:37 am IST
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On October 30, 2020, Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") and Mr. Philippus S. Meyer entered into a Separation Agreement (the "Separation Agreement"). The Separation Agreement provides for a final payment of HKD 150,000 to Mr. Meyer as well as other benefits, including the transfer of various assets to Mr. Meyer. In addition, the Separation Agreement includes a general release and waiver of claims by Mr. Meyer related to Mr. Meyer's separation from the Company, but does not include the waiver of claims against Mr. Meyer for his period as an employee or director of certain entities within Net1 group.
Lesaka Technologies, Inc. (formerly Net 1 Ueps Technologies, Inc.) specializes in the development of electronic transaction and payment processing solutions and services to merchants and consumers. The activity is organized around 2 areas:
- electronic transaction and payment processing by chip cards: primarily to the distribution, online business, bank, money transfer services, health facilities and telecommunication sectors;
- inclusive financial services. In addition, the group offers electronic payment solutions and systems.
LESAKA TECHNOLOGIES, INC. 
