In a landmark celebration of 15 years in Tanzania, I&M Bank Tanzania has partnered with Mastercard to launch a pioneering suite of card products, including Tanzania’s first World Elite Debit Mastercard.
The high-profile event, held at the Hyatt Regency Dar es Salaam, brought together industry leaders and dignitaries, including Thomas Mwongela, Manager of Oversight and Policy at the Bank of Tanzania, and Shehryar Ali, Senior Vice President and Country Manager for East Africa & Indian Ocean Islands at Mastercard.
This strategic collaboration marks a significant step in enhancing value, security, and convenience for Tanzanian consumers.
Revolutionizing the High-Net-Worth Segment with the World Elite Debit Mastercard
The World Elite Debit Mastercard, a first of its kind in Tanzania, offers unmatched lifestyle, travel, and leisure benefits. Cardholders can enjoy:
- Unlimited access to over 1,700 airport lounges across more than 70 countries.
- Comprehensive travel insurance covering travel delays, baggage loss, or trip disruptions.
- Discounted access to over 100 golf destinations worldwide.
“Customers today demand more than just a card—they seek value, reliability, and global access,” said Zahid Mustafa, CEO of I&M Bank Tanzania. “With the launch of the World Elite Debit, Gold Debit, and Multi-Currency Platinum Prepaid Cards, we are delivering a seamless digital experience, peace of mind, and premium benefits that redefine convenience.”
Innovative Card Suite for Every Lifestyle
Alongside the World Elite Debit Card, I&M Bank introduced:
- I&M Mastercard Multi-Currency Prepaid Card – The first in Tanzania to support eight currencies on a single card, enabling customers to travel, shop, and transact globally with ease.
- I&M Mastercard Gold Debit Card – Designed for everyday use, providing secure and seamless local and international transactions directly from bank accounts.
“These products are tailored for salaried professionals, digital natives, frequent travelers, and high-net-worth individuals seeking smart, secure, and globally accepted financial tools,” said Simon Gachahi, Head of Retail and Digital Banking at I&M Bank Tanzania.
Mastercard’s Commitment to Innovation
“Mastercard is pleased to introduce this new suite of card products in partnership with I&M Bank, designed to enhance access to financial services and provide exclusive benefits to cardholders,” said Shehryar Ali, Senior Vice President and Country Manager, Mastercard. “Through strategic collaborations like this, we are advancing the digitization of Tanzania’s payments ecosystem. I&M Bank customers will benefit from increased convenience, enhanced security, global acceptance, and access to exclusive offers and rewards.”
