Mastercard and I&M Bank have renewed their partnership through an eight-year strategic alliance, enhancing the range of premium financial services available to Kenyan cardholders. This extended collaboration builds on a successful five-year relationship, combining Mastercard’s advanced technology with I&M Bank’s strong local presence to offer secure and seamless payment solutions.
Mark Elliott, President of Mastercard Africa, expressed enthusiasm about the renewal, highlighting its role in boosting digital payments and financial inclusion in Kenya. “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,” he said.
In celebration of its 50th anniversary, I&M Bank is excited to expand its offerings, according to CEO Gul Khan. The bank aims to provide its customers with tailored digital solutions, enhancing their lifestyle and travel experiences. “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,” Khan explained.
The alliance includes a variety of card options such as Platinum Debit, World Elite Debit, and Multicurrency Prepaid Cards, each offering unique benefits like loyalty points, increased credit limits, and multi-currency options. Additionally, these cards feature cutting-edge security measures like contactless payments, ensuring a safe and efficient user experience.
