I&M Bank, MasterCard launch Rwanda’s first multicurrency Prepaid card

I&M Bank, MasterCard launch Rwanda’s first multicurrency Prepaid card

I&M Bank Rwanda has launched of Rwanda’s first
Multicurrency Prepaid Platinum card in partnership with Mastercard, thanks to
its design, this card will introduce a world of seamless transactions for our
customers.

The cards can be used to make card transactions both locally
and internationally either on Point of Sale machines (POS) or for online
shopping. It can solve for everyday spend like utility payments, or when
travelling for flights, hotels and dining plus much more.

This card offers you a possibility to load up to 15 currencies and gives you access to more than 1000 airport lounges as well as discounts in luxurious hotels and apartments and other premium treatments at merchants globally.

Robin Bairstow, I&M Bank (Rwanda) Plc. CEO said they are excited to launch this Market First, Multicurrency Prepaid card into Rwanda which will meet our customers’ lifestyle and financial needs.

“As pioneers of innovation in the banking industry in
Rwanda, this is one of a series of solutions that we will be launching in the
near future. With our new customer value proposition, we are committed to
giving each segment a customized option that will exceed their expectations.

Bairstow stated that “You don’t have to own an account with
us to be eligible for this card hence giving access to improved financial
services to customers and potential customers”.

This partnership with Mastercard effectively grants
cardholders access to over 50 million merchants across over 210 countries.
Cardholders will also access all core card services globally such as card
replacement, cash disbursement, and lost/stolen card reporting.

Also speaking at the event, Frank Molla, Director and
Country Manager, Mastercard says:

“As Mastercard continues to contribute towards developing ‘A
world beyond cash’ we are very pleased to partner  with I&M Bank to allow  even more people, with or without a bank
account, to transact securely and conveniently either locally or
internationally, in person or on-line,”.

Benefits of Card

Also, for international travelers, cardholders can load
funds onto the card in their local currency and lock in the exchange rates for
any of the accepted 15 currencies all over the world, meaning they have instant
access to the currency they require at a guaranteed rate.

Cardholders can also load anytime, anywhere, including via
mobile and online channels and use the card at all ATMs and merchants that
accept Mastercard.

Other benefits and features of the I&M multi-currency
Prepaid card include, access to the platinum insurance benefits which cover
card fraud protection and purchase protection.