Mastercard and I&M Bank have announced the extension of their strategic collaboration through an 8-year alliance aimed at enhancing value propositions for cardholders in Kenya. The partnership aims to provide benefits through distinct competitive customer value propositions offered by I&M Bank's debit and credit card portfolio.
Providing valuable and secure payment solutions
The collaboration between Mastercard and I&M Bank has been noted for the significant value it brings to customers, businesses and the economy as a whole. By 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 expanded collaboration includes various offers such as Platinum Discount, World Elite Discount, World Debit, multi-currency prepaid cards, and credit cards. These cards provide customers with a variety of travel benefits, privileges and experiences, tailored to their card categories.
Security features and measures for cardholders
Depending on the card category, holders will have access to numerous lifestyle privileges locally and globally, including earning loyalty points, enhanced credit card limits, and multi-currency prepaid cards that support up to three currencies. Additionally, customers will benefit from enhanced card integrity controls within the I&M On-The-Go mobile and online banking apps, facilitating seamless prepaid card top-ups and credit card payments via the I&M Bank OTG app.
MasterCard and I&M Bank (@imbankke) is set to extend their partnership for another 8 years. I&M Bank customers will continue to have access to a range of premium Mastercard debit and credit cards, loaded with travel benefits, lifestyle benefits and advanced security features. pic.twitter.com/Op7cFoiSvf
— Mwango Capital (@MwangoCapital) May 6, 2024
Moreover, the cards are equipped with world-class security features, backed by trusted MasterCard technology, ensuring strong customer protection. Incorporating new technologies such as contactless payment enhances the payment experience, providing consumers with a fast and secure way to pay.
“We are pleased to expand our collaboration with I&M Bank. This strategic alliance has enabled us to make significant progress in promoting digital payments and financial inclusion in Kenya. Together, we will continue to empower individuals and businesses with secure and convenient payment solutions that help them achieve… “Their potential.”
This article was written by Tariq Sikdar at www.financemagnates.com.