IMAGE DISTRIBUTED FOR MASTERCARD WORLDWIDE - Dr. James Mwangi (right), Equity Bank CEO, and Ajay Banga (left), MasterCard Worldwide President and CEO, celebrate an agreement between MasterCard and Equity Bank to issue five-million MasterCard PayPass debit, credit and prepaid cards over the next 18 months, at a signing ceremony in Nairobi, Kenya on Tuesday Jan. 15, 2013. The MasterCard cards with chip-enabled technology will be issued first into the Kenyan market and then extended into Uganda, Tanzania, Rwanda, and South Sudan. The initiative introduces MasterCard PayPass, with the first ever installation of PayPass enabled point of sale terminals across the region, and Mobile Point of Sale systems, which allows merchants to receive payments via low cost add-ons linked to secure applications on their mobile devices. In a move towards increasing financial inclusion in Kenya and East Africa at large, this program caters specifically to the unbanked and under-banked population, empowering African consumers to use electronic payments which provide a safe and secure way to pay versus cash and other forms of payment. (Riccardo Gangale /AP Images for Mastercard Worldwide)

Associated Press
IMAGE DISTRIBUTED FOR MASTERCARD WORLDWIDE - Dr. James Mwangi (right), Equity Bank CEO, and Ajay Banga (left), MasterCard Worldwide President and CEO, celebrate an agreement between MasterCard and Equity Bank to issue five-million MasterCard PayPass debit, credit and prepaid cards over the next 18 months, at a signing ceremony in Nairobi, Kenya on Tuesday Jan. 15, 2013. The MasterCard cards with chip-enabled technology will be issued first into the Kenyan market and then extended into Uganda, Tanzania, Rwanda, and South Sudan. The initiative introduces MasterCard PayPass, with the first ever installation of PayPass enabled point of sale terminals across the region, and Mobile Point of Sale systems, which allows merchants to receive payments via low cost add-ons linked to secure applications on their mobile devices. In a move towards increasing financial inclusion in Kenya and East Africa at large, this program caters specifically to the unbanked and under-banked population, empowering African consumers to use electronic payments which provide a safe and secure way to pay versus cash and other forms of payment. (Riccardo Gangale /AP Images for Mastercard Worldwide)
IMAGE DISTRIBUTED FOR MASTERCARD WORLDWIDE - Dr. James Mwangi (right), Equity Bank CEO, and Ajay Banga (left), MasterCard Worldwide President and CEO, celebrate an agreement between MasterCard and Equity Bank to issue five-million MasterCard PayPass debit, credit and prepaid cards over the next 18 months, at a signing ceremony in Nairobi, Kenya on Tuesday Jan. 15, 2013. The MasterCard cards with chip-enabled technology will be issued first into the Kenyan market and then extended into Uganda, Tanzania, Rwanda, and South Sudan. The initiative introduces MasterCard PayPass, with the first ever installation of PayPass enabled point of sale terminals across the region, and Mobile Point of Sale systems, which allows merchants to receive payments via low cost add-ons linked to secure applications on their mobile devices. In a move towards increasing financial inclusion in Kenya and East Africa at large, this program caters specifically to the unbanked and under-banked population, empowering African consumers to use electronic payments which provide a safe and secure way to pay versus cash and other forms of payment. (Riccardo Gangale /AP Images for Mastercard Worldwide)
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