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Mastercard, I&M Bank Extend Partnership for Digital Payments

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Vusi Melane
Vusi Melane
Staff Writer

Mastercard and I&M Bank have extended their strategic collaboration with an 8-year alliance, ensuring continued enhanced value propositions for cardholders in Kenya. Under this partnership, I&M Bank clients will benefit from competitive premium customer offerings through a range of world-class debit and credit cards.

Valued secure payment solutions


The collaboration between Mastercard and I&M Bank, spanning five years, has delivered significant value to customers, businesses, and the economy. By leveraging Mastercard’s cutting-edge technology and I&M Bank’s extensive local network, this partnership will further facilitate seamless and secure payment solutions for individuals and businesses in Kenya.

Mastercard

President for Africa at Mastercard, Mark Elliot, says “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.”

I&M Bank (Image: Google/circle.co.ke)

CEO for I&M Bank, Gul Khan, says “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.”

The extended collaboration offers a range of cards, including Platinum Debit, World Elite Debit, World Debit, Multicurrency Prepaid Cards, and Credit Cards, providing customers with diverse travel benefits, privileges, and experiences.

Loyalty points

Depending on the card category, holders enjoy various lifestyle privileges locally and globally. These privileges encompass earning loyalty points, credited as cash into the customer’s loyalty account, enhanced credit card limits, multicurrency prepaid cards supporting up to three currencies, and card safety controls within the I&M On-The-Go mobile and internet banking applications. Moreover, I&M Bank customers can seamlessly top up prepaid cards and make credit card payments via the I&M Bank OTG App.

These cards feature world-class security and reliability, backed by Mastercard’s trusted technology, ensuring robust customer protection. Incorporating new technology like contactless payment facilitates a swift and secure checkout experience, empowering consumers to choose their preferred payment method.

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