Mastercard and I&M Bank have extended their strategic collaboration with an 8-year strategic alliance, ensuring cardholders in Kenya continue to enjoy enhanced value propositions.
Under this alliance, I&M bank clients will enjoy competitive premium customer value propositions through a range of world class debit and credit cards.
“We are delighted to extend our collaboration with I&M Bank. This strategic alliance has enabled us to make significant progress in advancing digital payments and financial inclusion in Kenya. Together we will continue to empower individuals and businesses with secure and convenient payment solutions that will help them reach their potential” said Mark Elliott, President, Africa at Mastercard.
The collaboration between Mastercard and I&M Bank has spanned five years and has delivered significant value to customers, businesses, and the Kenyan economy.
By leveraging Mastercard’s cutting-edge payment technology and I&M Bank’s extensive local network, this partnership facilitates seamless and secure digital payment solutions for individuals and businesses across Kenya.
“As we celebrate 50 years of I&M Bank, we are delighted to announce the expansion of our collaboration with Mastercard, aimed at providing an extensive range of lifestyle and travel benefits to our corporate, retail, and business clients. By extending this alliance, I&M Bank has demonstrated its commitment to delivering tailor-made, digital solutions that cater to the distinct needs of our valued customers,” said Gul Khan, CEO of I&M Bank.
Enhanced Card Offerings for Kenyan Customers
The extended collaboration encompasses a wide variety of card offerings, including Platinum Debit, World Elite Debit, World Debit, Multicurrency Prepaid Cards, and Credit Cards. These Mastercard products provide Kenyan customers with a diverse array of travel benefits, privileges, and experiences.
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Depending on the card category, holders gain access to numerous lifestyle privileges both locally and globally. Key benefits include earning loyalty points credited as cash, enhanced credit limits, multicurrency prepaid cards supporting up to three currencies, and card safety controls via mobile and internet banking.
Additionally, I&M Bank customers can seamlessly top up prepaid cards and make credit card payments using the bank’s mobile app, providing a convenient digital payments experience.
Secure Payments Enabled by Mastercard Technology
These innovative card offerings are equipped with world-class security features backed by Mastercard’s trusted and reliable technology, ensuring robust customer protection in Kenya.
The incorporation of contactless payment capability facilitates swift and secure checkout, empowering Kenyan consumers to select their preferred payment method with confidence.
By extending this strategic alliance, Mastercard and I&M Bank are demonstrating their joint commitment to advancing digital payments, financial inclusion, and customer-centric solutions tailored for the Kenyan market. This collaboration drives economic growth and enhances the payments ecosystem for individuals and businesses nationwide.
