Mastercard, I&M Bank extend card collaboration

Mastercard and I&M Bank have extended their strategic collaboration with an 8-year strategic alliance.

Under this alliance, I&M bank clients will enjoy competitive premium customer value propositions through a range of 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 encompasses a variety of offerings, including Platinum Debit, World Elite Debit, World Debit, Multicurrency Prepaid Cards, and Credit Cards. These cards provide customers with a diverse array of travel benefits, privileges, and experiences.

Depending on the card category, holders have access to numerous lifestyle privileges both locally and globally. These privileges include earning loyalty points, which are credited as cash into the customer’s loyalty account, enhanced credit card limits, multicurrency prepaid cards with support for up to three currencies, and card safety controls within the I&M On-The-Go mobile and internet banking applications.

Additionally, I&M Bank customers will continue to seamlessly top up prepaid cards and make credit card payments via the I&M Bank OTG App.

“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.

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