The demand for non-online payment solutions, especially in the emerging markets, is significant. A small-cap South African company that looks intriguing in this space is Net 1 UEPS Technologies Inc (NASDAQ: UEPS), which focuses on providing payment solutions, transaction processing services, and financial technology geared for South Africa and the emerging markets.
This is an overlooked market that is difficult to serve, but the demand for payment and transaction solutions is growing.
Take the case of South Africa-the third-biggest economy on the African continent after Nigeria and Egypt. The $294.0-billion GDP.
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