Summary:

• I&M Bank Uganda and Mastercard have partnered to revolutionize the banking experience through digital transformation, introducing enhanced cards and prioritizing robust security measures for customer transactions.

I&M Bank Uganda has forged a strategic alliance with Mastercard, the global digital payments and technology company. The collaboration seeks to revolutionize the banking experience by driving digital transformation and bolstering payment security through advanced digital payment solutions.

Sam Ntulume, Acting Managing Director of I&M Bank Uganda, expressed the bank’s commitment to embracing digital innovation. Leveraging Mastercard’s expertise, the partnership aims to transform customer banking and transaction experiences.

As part of this initiative, I&M Bank will introduce a suite of new I&M branded cards to the market. This includes the I&M Standard Debit Mastercard, I&M World Debit Mastercard, and I&M World Elite Debit Card. These cards will offer enhanced features, fundamentally altering how customers manage finances and make payments.

Recognizing the paramount importance of payment security in the digital landscape, I&M Bank and Mastercard will implement robust security protocols to safeguard customer transactions during digital payments.

Moreover, I&M World Elite Debit cardholders will enjoy exclusive benefits tailored to their lifestyle. These perks include complimentary travel insurance for air ticket purchases, access to select airport lounges, and attractive discounts at participating hotels worldwide. These privileges aim to enhance the travel experiences of I&M Bank customers, providing added value to their banking relationship.

Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard, expressed excitement about the partnership. He highlighted the joint vision of empowering customers to embrace the benefits of digital transactions, ensuring safety, seamlessness, convenience, and rewards in every transaction.