I&M Bank and Mastercard Launch New Business Credit Card Proposition for Enhanced Financial Management

I&M Bank and Mastercard Collaborate to Launch New Business Credit Card Proposition

I&M Bank has joined forces with Mastercard to introduce a new Business Credit Card proposition aimed at helping businesses effectively manage day-to-day expenses and support global operations. This collaboration between I&M Bank and Mastercard further solidifies their longstanding partnership.

As I&M Bank celebrates its 50th anniversary this year, the financial institution has been focused on expanding its presence in both existing and emerging market segments. The Business Credit Card proposition, which includes the Business Credit Card and the World Business Credit Card targeted at Business and Corporate Banking segments, demonstrates the bank’s commitment to providing innovative financial solutions to meet customer needs.

The Mastercard Business and World Business Credit Cards offered by I&M Bank are designed to cater to the diverse needs of companies seeking to streamline employee operational costs. These cards provide multiple solutions in one, allowing for easy management of business-related travel, entertainment, and other miscellaneous expenses. Additionally, employees using these cards can enjoy financial and lifestyle benefits such as seamless purchase of air tickets, hotel stays, concierge services, and entertainment.

Gul Khan, CEO of I&M Bank, expressed the bank’s dedication to delivering products that drive growth and efficiency for their clients. He highlighted the importance of the partnership with Mastercard in developing solutions that meet the evolving needs of businesses. Shehryar Ali, Mastercard’s Senior Vice President and Country Manager for East Africa and Indian Ocean Islands, emphasized the company’s commitment to empowering businesses with secure and rewarding payment solutions.

The Business Credit Card proposition not only simplifies financial management for businesses but also provides a suite of benefits that enhance day-to-day operations and global reach. With features like expense management tools, transaction alerts, and merchant offers, businesses can reduce costs, increase efficiency, and improve accountability. The card also offers enhanced security controls through the I&M On-The-Go (OTG) Mobile and Internet Banking platform.

By leveraging Mastercard’s technology and I&M Bank’s extensive local network, this new offering aims to support businesses with cutting-edge payment solutions, promoting digital and financial inclusion for SMEs and businesses. The collaboration between I&M Bank and Mastercard is set to empower individuals and businesses to reach their full potential in the digital economy.