With MasterCard® solutions, you can implement efficient, cost-effective disbursement programs while simplifying benefit payments and improving service for recipients.
South African Social Security Agency (SASSA) card
Maximise efficiency, convenience, and control while minimising manual processes with a Debit MasterCard with biometric functionality.
The South African Social Security Agency (SASSA) controls and manages the disbursements of 15 million social benefits to over 10 million beneficiaries, who receive one or more of five different social security available in South Africa on a monthly basis including: The State Old Age Pension, Disability Grant, Child Support Grant, Foster Child Grant and Care Dependency Grant.
As part of a new social grant disbursement system introduced in March 2012, EMV/UEPS Debit MasterCard cards with biometric functionality are currently being issued to social grant recipients by Net1 UEPS Technologies (Net1) and Grindrod Bank in association with SASSA. 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 benefits of a world beyond cash, through the new SASSA card.
The roll out of SASSA cards to South African social grant recipients has significantly contributed to a 4% increase in South Africa's banked population in 2012, says the FinScope South Africa 2012 survey. The study reveals that 22.5 million (67%) of the 33.7 million South African population, aged 16+ are now banked, an increase of 1.3 million people from 2011.
The new disbursement system, which makes use of biometric information, positively identifies the beneficiaries of state welfare and provides greater convenience, safety and security for recipients. Furthermore, it is reducing SASSA's operating costs enabling the agency to save up to $375 million over the next five years. This saving will allow the agency to spend its budget allocation more effectively in the future, making a meaningful difference in the lives of more South Africans.