Lesaka Technologies (NASDAQ:LSAK) is a financial technology company that provides digital payments and financial services in Southern Africa. Formerly known as Net 1 UEPS Technologies, the company adopted the Lesaka name in 2022 as part of a broader focus on payments, banking, and related technology services.
Lesaka serves consumers, merchants, and businesses through services that include digital wallets, card and cash payments, money transfers, prepaid products, bill payment, banking services, and lending. Its merchant-focused operations also provide payment acceptance, point-of-sale technology, cash-management solutions, and value-added services for small and medium-sized businesses.
The company’s operations are primarily concentrated in South Africa and other African markets, including Botswana, Namibia, and Eswatini, with services delivered through a network of digital platforms, payment terminals, retail distribution channels, and financial-service outlets. Lesaka has expanded its merchant and payment capabilities through acquisitions and partnerships, including businesses operating under brands such as Kazang and Connect. Its leadership team is headed by Chief Executive Officer Chris Meyer.
