MasterCard and Standard Bank Group Sign Agreement

JOHANNESBURG, South-Africa, August 29, 2013/African Press Organization (APO)/ Ann Cairns, President of International Markets, MasterCard (, with Peter Schlebusch, Group Executive, Standard Bank Group as they celebrate the signing of an agreement strengthening the relationship between MasterCard and Standard Bank Group for a further five years.

This agreement will expand the remit of MasterCard across the African countries where Standard Bank is present and leverages the use of several MasterCard products and services, including MasterCard Advisors, to further optimise Standard Bank’s distribution platforms, introduce new product offerings and drive cost efficiencies.

Behind Cairns and Schlebusch are (left to right) Chris Sweeney, Head of Card, Standard Bank Group;  Philip Panaino, Division President, South Africa, MasterCard and Michael Miebach, President, Middle East and Africa, MasterCard.


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