I&M Bank Limited has partnered with Mastercard to launch a number of new world-class debit and credit cards aimed at corporate executives and high-net-worth individuals.
The Mastercard World Elite, Mastercard World Debit and Credit, Mastercard Platinum debit, Mastercard Corporate Standard, and Corporate World cards are part of the range, which will be pushed out in phases.
Luxury travel benefits such as free unlimited airport lounge access, premium memberships for hotels, 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 will be available to cardholders, depending on the category.
Additional benefits include access to global emergency services for lost or stolen card reporting, emergency card replacement, and emergency cash advance, as well as comprehensive travel insurance coverage that includes travel accident insurance, emergency medical evacuation and repatriation, and medical expenses.
These cards are exciting new additions to the Mastercard Platinum Multi-currency pre-paid card that I&M Bank presently offers. With this suite, the bank hopes to satisfy its customers’ growing desire for premium offerings and advantages that fit their lifestyles and give them unique access to a variety of luxury travel and lifestyle incentives.
“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, CEO of I&M Bank Limited, said.
”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 added.
Shehryar Ali, Country Manager, East Africa at Mastercard said the partnership with I&M bank opens 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,” he said.
Mastercard says it 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.