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Transact24 is a Wan Chai, Hong Kong-based Internet payment services company. It was founded in 2006 by a Swedish Venture Capital entity and staff and Hong Kong was chosen as its home in order to take advantage of the emerging Chinese online market. Philip Meyer has acted as Executive Chair and Managing Director of T24 since establishing the company.

Overview
T24’s head office is in Hong Kong, but the company has operations, technical, and support centers in Zhuhai, China and South Africa as well. Regional satellite offices and/or service entities are also located in Australia, Singapore, Mauritius, Gibraltar, Saipan, Austria, the United Kingdom, Indonesia, Macau, and the United States. The company’s staff is a mix of Chinese and Western staff.

In January 2016, Net 1 UEPS Technologies, Inc. (Net1), a payment processing company in South Africa and the Republic of Korea, acquired the remaining 56% of T24’s shares, after having acquired 44% of T24 in May 2015. Since January 2016, T24 has operated as a subsidiary of Net1.