Net1 Signs Contract with Banamex to Provide Mobile Virtual Card Technology
JOHANNESBURG, SOUTH AFRICA — (Marketwire) — 07/21/11 — Net 1 UEPS Technologies Inc. (NASDAQ: UEPS)(JSE: NT1) ("Net1") today announced that its wholly-owned subsidiary, Net1 Universal Technologies (Austria) AG ("NUTA"), has signed a contract with Banamex, a leading bank in Mexico and part of Citigroup, for the delivery of VCpay, Net1-s cell-phone based Mobile Virtual Card application designed for Card-Not-Present ("CNP") transactions.Banamex will offer VCpay to