I&M Bank & Mastercard team to enhance banking experience in Uganda

By Delisha Fernandes

I&M Bank Uganda has announced its strategic partnership with Mastercard, a global digital payments and technology company.

The collaboration aims to revolutionize the banking experience for customers by driving digital transformation and enhancing payment security through digital payment solutions.

“This partnership reflects our commitment to embracing digital innovation and enhancing the convenience and security of our customers’ financial journeys. By leveraging Mastercard’s expertise and advanced payment solutions, we aim to revolutionize the way our customers bank and transact,” said Sam Ntulume, Acting Managing Director of I&M Bank Uganda.

The bank will be launching a range of new I&M branded cards to the market, including the I&M Standard Debit Mastercard, I&M World Debit Mastercard, and I&M World Elite Debit Card, that will offer enhanced features and functionality that will greatly transform the customers experience and how they manage their finances and make payments.

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

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

“We are excited to partner with I&M Bank Uganda to launch this new range of cards aimed at transforming digital payments for cardholders in Uganda. At Mastercard, we share I&M Bank’s vision of empowering customers to embrace the benefits of digital transactions by making transactions safe, seamless, convenient, and rewarding,” said Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard.