Net 1 UEPS Technologies to buy Connect Group for US$242m

SOUTH AFRICA – Net 1 UEPS Technologies, a financial technology business with operations in Africa, Asia, and Europe, has announced the signing of a formal deal to buy Connect Group, a South African competitor, outright. The total value of the transaction is estimated to be roughly 3.7 billion rand (US$242 million). This operation reinforces Net1’s ambition to become the leader…

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