Story Highlights
- Kenyans to enjoy a wider range of digital payment options with Mastercard and I&M Bank extending their partnership for 8 years.
- The collaboration focuses on financial inclusion with secure and convenient debit and credit card solutions.
- I&M Bank customers benefit from travel perks, loyalty programs, and secure mobile banking features.
Mastercard and I&M Bank in Kenya have strengthened their long-standing partnership by signing an 8-year extension agreement. This strategic alliance will see I&M Bank customers continue to benefit from a broader range of secure and convenient digital payment solutions.
The collaboration, which has already spanned five years, has driven financial inclusion across Kenya. By leveraging Mastercard’s advanced technology and I&M Bank’s extensive local network, the extended partnership aims to further empower individuals and businesses with seamless payment options.
Tailor-Made Solutions and Enhanced Benefits
I&M Bank CEO, Gul Khan, emphasized the bank’s commitment to providing clients with customized digital solutions. The extended collaboration offers a variety of debit and credit card options, including Platinum Debit, World Elite Debit, World Debit, Multicurrency Prepaid Cards, and Credit Cards. These cards cater to diverse needs, providing customers with a suite of travel benefits, privileges, and experiences.
Cardholders can enjoy various local and international perks depending on the card category. These include loyalty programs with cash-back rewards, increased credit limits for credit cards, the convenience of multicurrency prepaid cards, and enhanced security features accessible through the I&M On-The-Go mobile and Internet banking platforms.
Furthermore, the extended partnership ensures seamless top-ups for prepaid and credit card payments through the I&M Bank OTG App.
Security and Speed at the Forefront
Mastercard’s robust security technology underpins all offered cards, guaranteeing customer protection. The integration of contactless payments enables a swift and secure checkout experience, allowing Kenyans the flexibility to choose their preferred payment method. This collaboration signifies a commitment to a future of secure and accessible digital payments in Kenya.
