JOHANNESBURG, South Africa -- (BUSINESS WIRE) -- In a weeklong trip to Africa this week, Ajay Banga, President and CEO of MasterCard Worldwide, affirmed the company’s commitment to extending financial inclusion across the continent. Collaborating with local government officials, financial institutions, businesses and citizens, he shared his thoughts on a cashless society and vision of a world beyond cash.
Ajay Banga, MasterCard Worldwide President and CEO (right), discusses the benefits of the South African Social Security Agency (SASSA) Debit MasterCard with Hilda Nkantini (left) at the Elias Motsoaledi settlement in Soweto outside Johannesburg. Nkantini is one of the nearly six million South Africans who now receive their social grant payments securely and conveniently by using the Debit MasterCard, which can also be used to pay for purchases, check balances and withdraw cash largely without incurring transaction fees. (Nadine Hutton/AP Images for MasterCard Worldwide)
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MasterCard in Africa
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