1
Exhibit 31.2
CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
PURSUANT TO RULES 13A-14(A) AND 15D-14(A)
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
I, Alex M.R. Smith, certify that:
1.
I
have
reviewed
this
quarterly
report
on
Form
10
-
Q
of
Net
1
UEPS
Technologies,
Inc.
(“Net1”)
for
the
quarter
ended
December
31, 2021;
2.
Based
on
my
knowledge,
this
report
does
not
contain
any
untrue
statement
of
a
material
fact
or
omit
��
to
state
a
material
fac
t
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.
Based
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
repo
rt
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: February 9, 2022