{"id":252961,"date":"2018-06-20T16:02:36","date_gmt":"2018-06-20T14:02:36","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=252961"},"modified":"2018-06-20T16:02:36","modified_gmt":"2018-06-20T14:02:36","slug":"net1-buys-informal-market-prepaid-airtime-distributor","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/252961\/net1-buys-informal-market-prepaid-airtime-distributor\/","title":{"rendered":"Net1 buys informal market prepaid airtime distributor"},"content":{"rendered":"<p>The Competition Tribunal has approved the merger between Net1 Applied Technologies South Africa and DNI-4PL Contracts without conditions.<\/p>\n<p>Net1 is owned by Net1 UEPS Technologies Inc, an American company. In South Africa Net1 provides payment solutions, transaction processing services and financial technology across multiple industries.<\/p>\n<p>Net1 sells airtime to Net1\u2019s merchant network which in turn sells airtime to end consumers. These include EasyPay, RMT Systems and Manje Mobile Electronic Payment Services.<\/p>\n<p>DNI is engaged in retail communications and distributions to South Africa\u2019s informal market. Its services include the sale and distribution of prepaid airtime and starter packs.<\/p>\n<p>The Commission found that the proposed transaction is unlikely to substantially prevent or lessen competition in any market.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/internet\/196180\/vumatel-to-launch-uncapped-fibre-in-townships-for-r89-per-month\/\" target=\"_blank\" rel=\"noopener\">Vumatel to launch uncapped fibre in townships for R89 per month<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Tribunal has approved the merger between Net1 Applied Technologies South Africa and DNI-4PL Contracts without conditions.<\/p>\n","protected":false},"author":10,"featured_media":133876,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[26,4820],"class_list":["post-252961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-headline","tag-net1-ueps"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/252961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=252961"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/252961\/revisions"}],"predecessor-version":[{"id":252963,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/252961\/revisions\/252963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/133876"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=252961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=252961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=252961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}