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 |
