1

Exhibit 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER 

PURSUANT TO RULES 13A-14(A) AND 15D-14(A) 

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED 

I, Chris G.B. Meyer, certify that: 

1.

I

have

reviewed

this

quarterly

report

on

Form

10

-

Q

of

Net

1

UEPS

Technologies,

Inc.

(“Net1”)

for

the

quarter

ended

September

30, 2021; 

2.

Based

on

my

knowledge,

this

report

does

not

contain

any

untrue

statement

of

a

material

fact

or

omit

to

state

a

material

fact

necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with

respect to the period covered by this report; 

3.

Base

d

on

my

knowledge,

the

financial

statements,

and

other

financial

information

included

in

this

report,

fairly

present

in

all

material respects the financial condition, results of operations and cash flows of Net1 as of, and for, the period s presented in this

report; 

4.

I

am

responsible

for

establishing

and

maintaining

disclosure

controls

and

procedures

(as

defined

in

Exchange

Act

Rules

13a

-

15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for

Net1 and have: 

(a)

Designed

such

disclosure

controls

and

procedures,

or

caused

such

disclosure

controls

and

procedures

to

be

designed

under our supervision, to ensure that material information relating to Net1, including its consolidated subsidiaries, is made known to

us by others within those entities, particularly during the period in which this report is being prepared; 

(b)

Designed

such

internal

control

over

financial

reporting,

or

caused

such

internal

control

over

financial

reporting

to

be

designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of

financial statements for external purposes in accordance with generally accepted accounting principles;

(

c

)

Evaluated

the

effectiveness

of

Net1’s

disclosure

controls

and

procedures

and

presented

in

this

report

our

conclusions

about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such

evaluation; and 

(

d

)

Disclosed

in

this

report

any

change

in

Net1’s

internal

control

over

financial

reporting

that

occurred

during

Net1’s

most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, Net1’s internal control over

financial reporting; and 

5.

I

have

disclosed,

based

on

our

most

recent

evaluation

of

internal

control

over

financial

reporting,

to

Net1’s

auditors

and

the

Audit Committee of Net1’s Board of Directors (or persons performing the equivalent functions): 

(a)

All

significant

deficiencies

and

material

weaknesses

in

the

design

or

operation

of

internal

control

over

financial

reporting

which

are

reasonably

likely

to

adversely

affect

Net1’s

ability

to

record,

process,

summarize

and

report

financial

information; and 

(b)

Any

fraud,

whether

or

not

material,

that

involves

management

or

other

employees

who

have

a

significant

role

in

Net1’s internal control over financial reporting. 

Date: November 8, 2021

 /s/ Chris G.B. Meyer

 Chris G.B. Meyer

 Group Chief Executive Officer