KENYA – I&M Bank Limited, a commercial bank, has partnered with Mastercard, a global payment and a technology company, to roll out several new world class debit and credit cards targeted at corporate C-Suite professionals and high-net-worth clientele.
The range, which will be rolled out in phases, 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.
“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,” Kihara Maina, CEO of I&M Bank Limited, said.
“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.
”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.”
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.
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,” he said.
“We are proud to further the digitization of the payments ecosystem in Kenya through meaningful collaborations such as this.”
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.
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