EXHIBIT 21

SUBSIDIARIES OF REGISTRANT

     The following is a list of subsidiaries of the Company as of June 30, 2018, omitting subsidiaries which, considered in the aggregate, would not constitute a significant subsidiary.

NAME	WHERE ORGANIZED
Cash Paymaster Service (Pty) Ltd	Republic of South Africa
DNI-4PL Contracts (Pty) Ltd	Republic of South Africa
DNI Retail (Pty) Ltd	Republic of South Africa
EasyPay (Pty) Ltd	Republic of South Africa
International Tower Corporation (Pty) Ltd	Republic of South Africa
Manje Mobile Electronic Payment Services ((Pty) Ltd	Republic of South Africa
M4JAM (Pty) Ltd	Republic of South Africa
M4YOU (Pty) Ltd	Republic of South Africa
Moneyline Financial Services (Pty) Ltd	Republic of South Africa
Net1 Applied Technologies South Africa (Pty) Ltd	Republic of South Africa
Net1 Finance Holdings (Pty) Ltd	Republic of South Africa
Net1 FIHRST Holdings (Pty) Ltd	Republic of South Africa
Net1 Mobile Solutions ((Pty) Ltd	Republic of South Africa
Net1 Universal Electronic Technological Solutions (Pty) Ltd	Republic of South Africa
Prism Holdings (Pty) Ltd	Republic of South Africa
Prism Payment Technologies (Pty) Ltd	Republic of South Africa
RMT Systems (Pty) Ltd	Republic of South Africa
The Smart Life Insurance Company Limited	Republic of South Africa
The Starterpack Company (Pty) Ltd	Republic of South Africa
Zazoo Limited	England and Wales
Netpay Solutions Private Limited	Republic of India
KSNET, Inc.	Republic of Korea

Net1 Applied Technologies Korea	Republic of Korea
Masterpayment A.G.	Federal Republic of Germany
Transact24 Limited	Hong Kong Special Administrative Region of the People's Republic of China
SmartSwitch Netherlands CV	Netherlands
Net1 Applied Technologies Netherlands BV	Netherlands
NUEP Holdings S.a.r.l.	Luxembourg