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| Home : Net1 Makes Strategic Investment in Nigerian Consumer Finance Provider One Credit |
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Jun 12
2015 |
Net1 Makes Strategic Investment in Nigerian Consumer Finance Provider One Credit |
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JOHANNESBURG, SOUTH AFRICA--(Marketwired - June 11, 2015) - June 11, 2015 - Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") (NASDAQ: UEPS) (JSE: NT1) today announced that it has acquired a 25% interest in One Credit Limited ("One Credit"), a leading Nigerian consumer finance company focused on providing credit to unbanked, salaried Nigerian consumers. The Company has also agreed to provide One Credit with a credit facility of up to US$10 million in the form of convertible equity-linked loan notes. |
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| Source:http://www.marketwired.com/mw/release.do?id=2028813&sourceType=3 |
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