Paul Arithi 
From left: Patrose Njimu, Director of Product Management - Inclusive Commerce, Mastercard; Evans Odhiambo, Group Head of Products, I&M Group PLC; Victor Ndlovu, Head of Business Development East Africa, Mastercard; and Shameer Patel, GM of Personal & Business Banking, I&M Bank Kenya, pose for a photo at the launch of a new business credit card at Radisson Blu Hotel. This innovative card enables users to efficiently manage business expenses, including per diems, entertainment, transport, and personal use, without needing to visit the bank. It is a unique, all-in-one solution in the business credit card sector.
- I&M Bank and Mastercard Launch Business Credit Card Proposition to Transform Business Expenses Management;
I&M Bank has collaborated with Mastercard to launch the new Business Credit Card proposition, a comprehensive financial tool designed to help businesses manage day-to-day expenses more effectively and support global operations.
From left: Patrose Njimu, Director of Product Management – Inclusive Commerce, Mastercard; Evans Odhiambo, Group Head of Products, I&M Group PLC; Victor Ndlovu, Head of Business Development East Africa, Mastercard; and Shameer Patel, GM of Personal & Business Banking, I&M Bank Kenya, pose for a photo at the launch of a new business credit card at Radisson Blu Hotel. This innovative card enables users to efficiently manage business expenses, including per diems, entertainment, transport, and personal use, without needing to visit the bank. It is a unique, all-in-one solution in the business credit card sector.This initiative marks another longstanding engagement between I&M Bank and Mastercard.
The Bank which celebrates its 50th anniversary this year, has been on an aggressive strategy to grow its relevance in existing and emerging market segments.
I&M Bank’s Mastercard Business and World Business Credit Cards are tailored to meet the diverse needs of companies looking to effectively manage employee operational costs by offering multiple solutions in one card for business related travel, entertainment and other miscellaneous expenses while employees experience financial and lifestyle benefits including seamless purchase of air tickets, hotel stays, concierge services and entertainment.
“I&M Bank is committed to providing our clients with innovative financial solutions that drive growth and efficiency,” said Gul Khan, CEO of I&M Bank.
“Our business relationship with Mastercard has been instrumental to our business over the years and continues to thrive as we deliver products that meet customer needs.
As we celebrate our 50th anniversary, we are happy to launch the Business Credit Card product proposition that not only simplifies financial management for businesses but also provides a suite of benefits that enhance their day-to-day operations and global reach” added Mr. Gul Khan.
Mastercard’s Senior Vice President and Country Manager for East Africa and Indian Ocean Islands Shehryar Ali commented, “At Mastercard, we aim to empower businesses with the tools they need to succeed in a digital economy.
The launch of these business credit cards with I&M Bank shows our commitment to fostering innovation and financial inclusivity.
By offering secure, efficient, and rewarding payment solutions, we enable businesses to grow and contribute to the economic development of Kenya and the region.”
With a focus on growing profitability by reducing costs and increasing efficiency for businesses, the card enhances accountability through expense management tools and transaction alerts giving better visibility on companywide, departmental and individual expenses.
Further, the card offers a range of merchant offers including discounts on hotels, car rental services and e-commerce platforms globally.
Companies can set and adjust spending limits for each card, ensuring controlled and accountable spending by employees.
The expense management tools facilitate simplified bookkeeping, petty cash management while self-service features include enablement of cardholders to view their card, check balances, and make payments with convenience and control.
Card safety is ensured through enhanced security controls using the I&M On-The-Go (OTG) Mobile and Internet Banking platform through PIN management and a lock/unlock facility.
By leveraging Mastercard’s technology and I&M Bank’s extensive local network, this new offering supports businesses with cutting-edge payment solutions, enhancing digital and financial inclusion for SMEs and businesses.
With seamless and secure payment solutions, the two entities aim to empower individuals and businesses to reach their full potential.
Views: 173
