1&M Bank marks its 15-year service in Dar with the launch of the Elite Mastercard
DAR ES SALAAM: IN a landmark celebration of its 15 years in Tanzania, I&M Bank Tanzania has partnered with Mastercard to launch a groundbreaking suite of card products, including Tanzania’s first World Elite Debit Mastercard.
The high-profile event held in Dar es Salaam today, October 1, 2025, brought together industry leaders and dignitaries, including Mr. Thomas Mwongela, Manager, Oversight and Policy at the Bank of Tanzania, and Mr. Shehryar Ali, the Senior Vice President and Country Manager for East Africa & Indian Ocean Islands at Mastercard.
This strategic collaboration marks a bold step forward in enhancing value, security, and convenience for Tanzanian consumers.
The World Elite Debit Mastercard is a first-of-its-kind offering in Tanzania, delivering unmatched lifestyle, travel, and leisure benefits.
The cardholders will enjoy unlimited access to over 1,700 global airport lounges in over 70 countries and comprehensive travel insurance covering travel delays, baggage loss or trip disruptions.
It also offers diiscounted 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.
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“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.”
“These products are tailored for salaried professionals, digital natives, frequent travellers, 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 is pleased to introduce a new suite of card products in partnership with I&M Bank, designed to enhance access to financial services and offer exclusive benefits to cardholders,” said Shehryar Ali, Senior Vice President and Country Manager, Mastercard. “We are committed to advancing the digitization of Tanzania’s payments ecosystem through strategic collaborations such as this. With Mastercard’s technology, I&M Bank customers will benefit from increased convenience, enhanced security, global acceptance, as well as access to exclusive offers and regular rewards.”
1&M Bank is licensed by the Bank of Tanzania and operates through 8 branches, ATMs, and agency banking across Dar es Salaam, Moshi, Arusha, and Mwanza.
