I&M Bank and Mastercard Partner to boost SMEs with innovative payment solutions

 

The partnership between I&M Bank and Mastercard 

In a significant move aimed at fostering the growth of Small and Medium-Sized Enterprises (SMEs) in Kenya and the broader region, I&M Bank has partnered with Mastercard to introduce a groundbreaking payment solution.

This collaboration is set to revolutionize the way SMEs handle their financial transactions, ultimately contributing to economic development.

With a primary focus on enhancing profitability, the new card offering from I&M Bank and Mastercard aims to reduce costs and increase operational efficiency for businesses.

By integrating advanced expense management tools and transaction alerts, the card ensures greater accountability and transparency in tracking company-wide, departmental, and individual expenses. This level of visibility is crucial for SMEs striving to optimize their financial management practices.

By leveraging Mastercard’s cutting-edge technology and I&M Bank’s extensive local network, this new card solution provides seamless and secure payment options. It supports digital and financial inclusion, ensuring that SMEs have access to the tools they need to thrive in a competitive market.

The partnership between I&M Bank and Mastercard underscores a commitment to empowering SMEs, enabling them to reach their full potential. Through innovative payment solutions, SMEs can streamline their operations, reduce costs, and ultimately contribute to the economic development of Kenya and the region.

This collaboration marks a significant step forward in supporting the backbone of the economy, fostering a robust and dynamic business environment for SMEs.

By Edna Gatwiri