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Net1 to deliver additional 1.2 million smart cards to Iraq

Tuesday, July 27, 2010

Net1 Universal Electronic Technological Solutions (NUETS) has received an order for a further 1.2 million Universal Electronic Payment System-enabled smart cards from the Iraqi government.

Upon completion of this new order, NUETS will have provided a total of 3.45 million UEPS smart cards to the Iraqi consortium for the distribution and payment of government grants to war victims, government pensioners and beneficiaries of the Ministry of Women affairs, as well as salary and wage payments to employees of the two Iraqi state banks.

NUETS expects the delivery of these cards to commence towards the end of September 2010 at the rate of 200,000 cards per month.

More than 1.5 million UEPS smart cards have been issued to beneficiaries to date with monthly grant payments reaching 600,000 beneficiaries per month, according to NUETS.

Additionally, within the next month a pilot project involving Net1’s “Offline Smart Card Registration” application for issuing smart cards to military personnel will be kicked off, followed by the distribution of the associated monthly salary payments on the UEPS cards. [end] 

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