Mastercard And I&M Extend Collaboration For Greater Benefits In Kenya
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I&M Bank and Mastercard have revealed the continuation of their strategic partnership with an 8-year collaboration, focused on bolstering the benefits offered to cardholders in Kenya. The alliance seeks to offer perks via Competitive high-value customer offerings presented by I&M Bank’s array of credit and debit cards.
The Alliance Intends To Enable Smooth And Safe Payment Solutions
The partnership between I&M and Mastercard has been recognized for its substantial value distribution to customers, companies, and the global economy. Utilizing I&M Bank’s vast local network, the partnership intends to enable smooth and safe payment solutions within Kenya. Mastercard’s innovative technology enhances this endeavor for businesses and individuals.
The extended alliance includes several offerings like Credit Cards, Multicurrency Prepaid Cards, World Debit, World Elite Debit, and Platinum Debit. These cards offer clients a wide collection of experiences, privileges, and travel benefits customized to their specific card categories.
Depending on the type of card, holders will be granted access to a variety of lifestyle perks both locally and worldwide. These benefits include multi-currency prepaid cards that support up to three different currencies, increased credit card limits, and receiving loyalty points.
In addition, customers will gain from bolstered card security features within the I&M portable mobile and online banking applications. This will facilitate smooth top-ups for credit card and prepaid card payments through the I&M Bank OTG application.
The cards come with advanced security features, supported by Mastercard’s reliable technology, guaranteeing solid protection for customers. The incorporation of innovative technologies like contactless payment bolsters the checkout experience. This will provide clients with a fast and safe payment option.
The Collaboration Aims To Offer Convenient And Secure Payment Services
The President for Africa at Mastercard, Mark Elliott stated that the company is pleased to continue their partnership with I&M Bank. He added that this strategic collaboration has allowed the firm to achieve substantial progress in promoting financial inclusion and digital payments in Kenya.
Elliott further mentioned that the two firms will carry on empowering businesses and individuals with convenient and secure payment services. These services will assist them in reaching their potential.
Mastercard is an American transnational payment card services company. Its head office is located in Purchase, New York. The firm provides a variety of payment processing services and additional payment solutions like bookings and travel-related payments.
Globally, its primary business is to facilitate payments between merchant banks. It does this by working with the card-issuing institutions of consumers who utilize Mastercard-branded prepaid, credit, and debit cards for transactions.
