IMAGE DISTRIBUTED FOR MASTERCARD WORLDWIDE - Ajay Banga, President and CEO of MasterCard Worldwide addresses guests from the South African financial services sector and other stakeholders at a reception hosted in Johannesburg on Thursday, Jan. 17, 2013. Banga pointed out that the payments ecosystem is expanding beyond financial institutions to include governments, merchants and consumers. He added that innovation in electronic payments in Africa, and in South Africa in particular, is leapfrogging the status quo in developed markets, changing the way that public and private sectors globally do business. (Adam Houghton/AP Images for MasterCard Worldwide)

Associated Press
IMAGE DISTRIBUTED FOR MASTERCARD WORLDWIDE - Ajay Banga, President and CEO of MasterCard Worldwide addresses guests from the South African financial services sector and other stakeholders at a reception hosted in Johannesburg on Thursday, Jan. 17, 2013. Banga pointed out that the payments ecosystem is expanding beyond financial institutions to include governments, merchants and consumers. He added that innovation in electronic payments in Africa, and in South Africa in particular, is leapfrogging the status quo in developed markets, changing the way that public and private sectors globally do business. (Adam Houghton/AP Images for MasterCard Worldwide)
IMAGE DISTRIBUTED FOR MASTERCARD WORLDWIDE - Ajay Banga, President and CEO of MasterCard Worldwide addresses guests from the South African financial services sector and other stakeholders at a reception hosted in Johannesburg on Thursday, Jan. 17, 2013. Banga pointed out that the payments ecosystem is expanding beyond financial institutions to include governments, merchants and consumers. He added that innovation in electronic payments in Africa, and in South Africa in particular, is leapfrogging the status quo in developed markets, changing the way that public and private sectors globally do business. (Adam Houghton/AP Images for MasterCard Worldwide)
View Comments (0)