I&M Bank and Mastercard have teamed up to introduce a new Business Credit Card solution, designed to help businesses efficiently manage daily expenses and support their global operations. This new solution includes the Business Credit Card and the World Business Credit Card, both tailored for the business and corporate banking sectors.
The Mastercard Business and World Business Credit Cards from I&M Bank cater to the diverse requirements of companies aiming to effectively manage employee operational costs. These cards offer a comprehensive suite of solutions for business-related travel, entertainment, and other miscellaneous expenses. Additionally, employees will benefit from financial and lifestyle benefits, such as easy booking of air tickets, hotel accommodations, concierge services, and entertainment options.
The cards enhance cash flow by providing higher credit limits without causing financial strain and help build business credit, which is crucial for obtaining loans and other financing. The credit limits support business growth, while exclusive access to Mastercard Priceless offers and services improves the user experience.
As I&M Bank celebrates its 50th anniversary, it has been actively expanding its presence in both new and existing markets. The launch of the Business Credit Card solution highlights its commitment to customer-centric banking by closely listening to customer needs. Furthermore, the card aims to boost profitability by reducing costs and increasing efficiency for businesses, improving accountability through expense management tools and transaction alerts. This ensures better visibility on companywide, departmental, and individual expenses.
The card also provides a variety of merchant offers, including discounts on hotels, car rental services, and e-commerce platforms worldwide. Companies can set and adjust spending limits for each card, ensuring controlled and accountable spending by employees.
“I&M Bank is dedicated to offering innovative financial solutions that drive growth and efficiency for our clients,” stated Gul Khan, CEO of I&M Bank.
“Our partnership with Mastercard has been vital to our business over the years, and it continues to flourish as we introduce products that fulfill customer needs. As we celebrate our 50th anniversary, we are excited to launch the Business Credit Card solution, which not only simplifies financial management for businesses but also provides a range of benefits that enhance their day-to-day operations and global reach,” added Mr. Gul Khan.
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Mastercard’s Senior Vice President and Country Manager for East Africa and Indian Ocean Islands, Shehryar Ali, remarked, “At Mastercard, we strive to equip businesses with the tools they need to thrive in a digital economy. The introduction of these business credit cards with I&M Bank reflects our commitment to promoting innovation and financial inclusivity.”
“By offering secure, efficient, and rewarding payment solutions, we empower businesses to grow and contribute to the economic development of Kenya and the region,” he added.