Mastercard and I&M Bank have announced the extension of their strategic collaboration with an 8-year alliance, aimed at enhancing value propositions for cardholders in Kenya. The partnership aims to provide benefits through competitive premium customer value propositions offered by I&M Bank's range of debit and credit cards.
Delivering Value and Secure Payment Solutions
The collaboration between Mastercard and I&M Bank has been noted for its significant value delivery to customers, businesses, and the economy at large. Leveraging Mastercard’s advanced technology and I&M Bank’s extensive local network, the alliance aims to facilitate seamless and secure payment solutions for individuals and businesses across Kenya.
The extended collaboration includes various offerings such as 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, tailored to their respective card categories.
Features and Security Measures for Cardholders
Depending on the card category, holders will have access to several lifestyle privileges both locally and globally, including earning loyalty points, enhanced credit card limits, and multicurrency prepaid cards supporting up to three currencies. Additionally, customers will benefit from enhanced card safety controls within the I&M On-The-Go mobile and internet banking applications, facilitating seamless top-ups for prepaid cards and credit card payments via the I&M Bank OTG App.
Moreover, the cards are equipped with world-class security features, backed by Mastercard's trusted technology, ensuring robust customer protection. The integration of new technologies such as contactless payment further enhances the checkout experience, providing consumers with a swift and secure payment method of choice.
“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.
