IMAGE DISTRIBUTED FOR MASTERCARD WORLDWIDE – Michael Miebach, President, Middle East and Africa, MasterCard Worldwide (left), Ismail Momoniat, Head: Tax and Financial Sector Policy (second from left), Ajay Banga, MasterCard Worldwide President and CEO (centre), South Africa’s Deputy Minister of Finance Nhlanhla Nene (second from right) and Philip Panaino, Division President, South Africa for MasterCard Worldwide (far right) met to discuss the importance of the financial sector and Government in working together to ensure financial inclusion for all South Africans in Pretoria on Thursday, Jan. 17, 2013. According to the FinScope South Africa 2012 study, 67% of the South African population aged 16 and above is banked, with this figure expected to reach 70% in 2013, thanks to the country’s new social grant disbursement system introduced in March 2012. This system sees social grant beneficiaries being issued with South African Social Security Agency (SASSA) Debit MasterCard cards. By the first half of 2013, an estimated 10 million South Africans - nearly one-fifth of the country's population - will be able to take advantage of the convenience and added security benefits offered by the new SASSA card. (Nadine Hutton/AP Images for MasterCard Worldwide)

Associated Press
IMAGE DISTRIBUTED FOR MASTERCARD WORLDWIDE – Michael Miebach, President, Middle East and Africa, MasterCard Worldwide (left), Ismail Momoniat, Head: Tax and Financial Sector Policy (second from left), Ajay Banga, MasterCard Worldwide President and CEO (centre), South Africa’s Deputy Minister of Finance Nhlanhla Nene (second from right) and Philip Panaino, Division President, South Africa for MasterCard Worldwide (far right) met to discuss the importance of the financial sector and Government in working together to ensure financial inclusion for all South Africans in Pretoria on Thursday, Jan. 17, 2013. According to the FinScope South Africa 2012 study, 67% of the South African population aged 16 and above is banked, with this figure expected to reach 70% in 2013, thanks to the country’s new social grant disbursement system introduced in March 2012. This system sees social grant beneficiaries being issued with South African Social Security Agency (SASSA) Debit MasterCard cards. By the first half of 2013, an estimated 10 million South Africans - nearly one-fifth of the country's population - will be able to take advantage of the convenience and added security benefits offered by the new SASSA card. (Nadine Hutton/AP Images for MasterCard Worldwide)
IMAGE DISTRIBUTED FOR MASTERCARD WORLDWIDE – Michael Miebach, President, Middle East and Africa, MasterCard Worldwide (left), Ismail Momoniat, Head: Tax and Financial Sector Policy (second from left), Ajay Banga, MasterCard Worldwide President and CEO (centre), South Africa’s Deputy Minister of Finance Nhlanhla Nene (second from right) and Philip Panaino, Division President, South Africa for MasterCard Worldwide (far right) met to discuss the importance of the financial sector and Government in working together to ensure financial inclusion for all South Africans in Pretoria on Thursday, Jan. 17, 2013. According to the FinScope South Africa 2012 study, 67% of the South African population aged 16 and above is banked, with this figure expected to reach 70% in 2013, thanks to the country’s new social grant disbursement system introduced in March 2012. This system sees social grant beneficiaries being issued with South African Social Security Agency (SASSA) Debit MasterCard cards. By the first half of 2013, an estimated 10 million South Africans - nearly one-fifth of the country's population - will be able to take advantage of the convenience and added security benefits offered by the new SASSA card. (Nadine Hutton/AP Images for MasterCard Worldwide)
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