Home Banking I&M Bank partners with Mastercard to produce Premium Credit, Debit Cards

I&M Bank partners with Mastercard to produce Premium Credit, Debit Cards

by Kwabe Ben

I&M Bank Limited has partnered with Mastercard to roll out new world-class debit and credit cards targeted at corporate C-suite professionals for high-net clientele.

The new cards, offering a range of lifestyle and travel benefits, is set to be rolled out in a phased manner consisting of the Mastercard World Elite, Mastercard World Debit and Credit, Mastercard Platinum debit, Mastercard Corporate Standard, and Corporate World cards.

Based on the category a cardholder is eligible to enjoy a host of privileges like; premium memberships for hotel, luxury travel benefits, free unlimited airport lounge access, airlines, car rental and chauffer discounts, premium merchant offers and discounts at participating outlets, visa application and appointments booking service as well as card safety controls on the I&M On-The-Go mobile and internet banking application.

Additional benefits include comprehensive travel insurance cover which comprises of travel accident insurance, emergency medical evacuation and repatriation, medical expenses, access to global emergency services for lost or stolen card reporting, emergency card replacement and emergency cash advance.

The card offers are a result of additions to the Mastercard Platinum Multi-currency pre-paid card already offered by I&M Bank.

I&M Bank and Mastercard’s card layout

Through this suite, the bank aims at addressing the increasing demands of customers for premium offers and benefits that match their lifestyle as well as providing exclusive access to countless luxury travel and lifestyle benefits.

According to Kihara Maina, CEO of I&M Bank Limited, the bank’s corporate strategy follows an ambitious digitization agenda and leveraging of partnerships. As the partnership with Mastercard is a key enabler towards the growth of online payments business.

“We are proud of this collaboration with Mastercard as it aligns with our business growth agenda, which looks to further penetrate the retail market segments through the provision of market-driven solutions,” said Kihara Maina.

Maina added that the I&M Bank has anticipated the ever-changing lifestyle and financial needs of its customers through an informed data-driven decision-making process in order to provide them with eligible solutions.

“This partnership with Mastercard not only provides payment solutions that are convenient, reliable, and secure but also gives our cardholders access to world-class lifestyle benefits and privileges,” he concluded.

Shehryar Ali, Country Manager, East Africa said “Mastercard is pleased to unveil this partnership entailing a new range of card offers with I&M Bank, opening a world of premium and exclusive offerings to cardholders for the creation of incomparable experiences. At the core of our product innovation and approach to partnerships is ensuring that cardholders are able to access unique merits, lifestyle privileges and priceless travel benefits both at home and abroad. We are proud to further the digitization of the payment ecosystem in Kenya through meaningful collaborations such as this.”

Mastercard is committed to connecting and empowering digital economy of inclusivity that benefits everyone everywhere.

The leading commercial bank headquartered in Kenya has grown a regional presence currently extending to Mauritius, Tanzania, Rwanda, and Uganda.

This will be made possible by making transactions safe, simple, smart, and accessible as its commitment of bringing 1 billion people and 50 million micro and small businesses into the digital economy by 2025.

The bank aims to aggressively innovate market-driven solutions in the coming months in order to meet lifestyle and financial requirements for its key target market segments, which are in line with its aspiration of being Kenya’s leading financial growth partner.

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