I&M Bank and Mastercard Delight Customers with a Suite of Premium Credit and Debit CardsApril 6, 2022 | Nairobi, Kenya
- The different card categories include a host of benefits including comprehensive travel cover, access to global emergency services, shopping discounts, airport lounge access, hotel memberships and much more
I&M Bank Limited has partnered with Mastercard to roll out several new world class debit and credit cards targeted at corporate C-Suite professionals and high-net worth clientele offering a range of lifestyle and travel benefits. The range consists of the Mastercard World Elite, Mastercard World Debit and Credit, Mastercard Platinum debit, Mastercard Corporate Standard, and Corporate World cards.
Cardholders, depending on the category, will enjoy a host of privileges including luxury travel benefits like free unlimited airport lounge access, premium memberships for hotel, airlines, car rental and chauffeur 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, and medical expenses, access to global emergency services for lost or stolen card reporting, emergency card replacement and emergency cash advance.
These card offerings come as exciting new additions to the Mastercard Platinum Multi-currency pre-paid card already offered by I&M bank. With this suite, the bank is looking to delight its customers and their increasing demands for premium offers and benefits that match their lifestyle and provide exclusive access to a myriad of luxury travel and lifestyle benefits.
Commenting on the launch of the new cards, Kihara Maina, CEO of I&M Bank Limited, said: “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. I&M Bank’s corporate strategy follows an ambitious digitization agenda and leveraging partnerships. Our partnership with Mastercard is a key enabler towards growing our online payments business.”
Kihara Maina added: “I&M Bank has anticipated the ever-changing lifestyle and financial needs of our customers through an informed data-driven decision-making process in order to provide them with the right 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.”
Shehryar Ali, Country Manager, East Africa said “Mastercard is pleased to unveil this new range of card offerings with I&M bank, opening a world of premium and exclusive offerings to cardholders aimed at creating incomparable experiences. At the core of our product innovation and approach to partnerships is ensuring that cardholders can access unique advantages, lifestyle privileges and priceless travel benefits both at home and abroad. We are proud to further the digitization of the payments ecosystem in Kenya through meaningful collaborations such as this.”
Mastercard is committed to connecting and empowering an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible and has made a global commitment to bring 1 billion people and 50 million micro and small businesses into the digital economy by 2025.
The Bank will keep on innovating market driven solutions aggressively in the coming months, aiming to meet lifestyle and financial requirements for its key target market segments, in line with its aspiration of becoming Kenya’s leading financial growth partner.
About I&M Bank Limited
I&M Bank is a leading commercial bank headquartered in Kenya, with a growing regional presence currently extending to Mauritius, Tanzania, Rwanda, and Uganda. Since its inception in 1974, the Bank has evolved from a community financial institution to a publicly listed Kenyan-based regional commercial bank offering a full range of Corporate, Business, Premium Client and Personal banking services.
I&M Bank is wholly owned by I&M Group PLC which is listed on the Nairobi Securities Exchange. CDC Group PLC owns approximately 10.68% of I&M Group PLC. I&M prides itself on its strong values and key strengths of innovative service and strong customer relationships and through these pillars, I&M Bank aspires to be Kenya’s Leading Financial Partner for Growth through provision of innovative and market driven banking solutions for its target segments.
For more information visit www.imbankgroup.com
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
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