South Africa shows the way on transfer payments

MasterCard issues 10m debit cards for SA social grants (Gadget)

This milestone marks the conclusion of the re-registration phase of the project, with social grant beneficiaries having received their new Debit MasterCard cards with biometric functionality, issued by Grindrod Bank, in association with SASSA and Net1 UEPS Technologies (Net1).

Since March 2012, just under 22 million social grant beneficiaries have re-registered onto the new system introduced by SASSA to minimise fraudulent grant applications and collections and reduce grant administration costs by distributing all grant payments electronically.