The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

Stage

Acquired | Acquired

Valuation

$0000 

About KSNET

KSNet services a broad range of industries in Korea , including credit card, retail and wholesale merch ant, financial institutions, governmental organizations, utility companies and e-commerce businesses. It of fers payment processing solutions including payment card and banking value added networks ( ,…"VAN ,,), payment gateways, cash receipt, purchase cards and point cards. It has a diverse merchant base and processed over 1.4 billion transactions in 2009.

KSNET Headquarter Location

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing KSNET

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

KSNET is included in 1 Expert Collection, including Fintech.

F

Fintech

3,330 items

Excludes US-based companies

Latest KSNET News

Net1 completes sale of KSNET for $237 million

Mar 9, 2020

0 Message : *Required fields JOHANNESBURG, South Africa, March 09, 2020 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (Nasdaq: UEPS, JSE: NT1) (“Net1” or the “Company”) today announced that it has completed the sale of KSNET, Inc. (“KSNET”) to Stonebridge Capital and Payletter for approximately $237 million. “We are pleased to have completed this transaction, achieving a key milestone of our strategic plan. We thank the KSNET team for its integral contributions to the group over the past decade,” said Herman Kotzé, CEO of Net1. “The sale of KSNET allows us to focus on our core strategy, boost liquidity, and maximize shareholder returns.” About Net1 (www.net1.com) Net1 is a provider of transaction processing services, financial inclusion products and services and secure payment technology. Net1 operates a market-leading payment processor in South Africa. Net1 offers debit, credit and prepaid processing and issuing services for all major payment networks. In South Africa, Net1 provides innovative low-cost financial inclusion products, including banking, lending and insurance. Net1 leverages its strategic equity investments in Finbond and Bank Frick (both regulated banks), DNI, a leading distributor of mobile subscriber starter packs for Cell C, a South African mobile network operator, and Cell C, to introduce products to new customers and geographies. Net1 has a primary listing on NASDAQ (NasdaqGS: UEPS) and a secondary listing on the Johannesburg Stock Exchange (JSE: NT1). Visit www.net1.com for additional information about Net1. Investor Relations Contact:

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.