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I&M Bank, Kenya Association of Travel Agents partnership eases the receipt of travel payments from all over the world

6TH DEC 2019


I&M Bank, Kenya Association of Travel Agents partnership eases the receipt of travel payments from all over the world

Nairobi, Friday, 6th December, 2019: The Kenya Association of Travel Agents (KATA) and I&M Bank have recently announced a partnership, which provides an online payment solution that can be used by KATA members to receive online payments worldwide.

KATA will now through this partnership become an Independent Sales Organization (ISO) authorized to resell the E-commerce solution to its members.

This move through I&M Bank’s E-Commerce platform will bring increased convenience to VISA, MasterCard and UnionPay cardholders transacting all over the world.. The collaboration between the two organizations will further smoothen the process of online payments by providing merchants a secure and convenient avenue with shorter payment turnaround times.

Speaking on behalf of the KATA Chairman, Mohammed Wanyoike, KATA CEO, Nicanor Sabula termed the move towards an e-commerce platform a big boost for KATA as it is well aligned with the Association’s long term agenda of promoting digital transformation among her member travel agencies. As you all are aware, he added, “The travel industry has been one of the most disrupted industries by technology in the last decade. A great deal of business has gone online and it is important that our local travel agents leverage the online platforms in order to retain existing and acquire new clients.” He expressed confidence that the move towards having a safe and secure online payment platform for KATA members would help them consolidate the online market place.

Speaking at the signing ceremony, Kihara Maina, CEO, I&M Bank Limited noted that I&M Bank is the first Bank in the region to introduce online payment acceptance to the market. Through I&M Bank’s Webpay service, the Bank focuses on providing clients with solutions that enable them to run their businesses. “I&M Bank is keen on building partnerships. We state, as our purpose, that we are here to be partners for growth for all our stakeholders. Our customers are a key stakeholder for us and we are looking at ways that we can grow with them.” He went on to express that I&M Bank are proud to partner with KATA to enhance the tours and travel industry through e-commerce that allows merchants to enjoy the freedom of modern banking.

I&M Bank E-Commerce platform, known as I&M WebPay, is an online payment service that allows merchants to accept card online payments through their websites in both Kenya Shillings and US dollars.

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About I&M Bank Limited

I&M Bank is a leading commercial bank headquartered in Kenya, with a growing regional presence currently extending to Mauritius, Tanzania and Rwanda. The Bank is a publicly listed Kenyan-based regional commercial bank offering a full range of Corporate, Business, Premium Client and Personal banking services.

I&M Bank is wholly owned by I&M Holdings PLC which is listed on the Nairobi Stock Exchange. CDC Group PLC owns approximately 10.68% of I&M Holdings PLC. I&M prides itself on its strong values and key strengths of innovative service and strong customer relationships and through these pillars, I&M Bank aspires to be the banking powerhouse in East Africa for middle to large and premium clients through provision of innovative and market driven banking solutions for its target segments.

For more information visit www.imbank.com.

About Kenya Association of Travel Agents

The Kenya Association of Travel Agents is the national umbrella body for Travel Agents in Kenya, with a growing membership of over 170 Travel Agencies. It is Kenya’s largest and only membership organization for travel agents. KATA transitioned from a society to a company limited by guarantee in September 2018, providing more space for growth and defending the travel trade. KATA is a member of the Universal Federation of Travel Agents’ Association (UFTAA) which represents 84 countries. It also hosts the Secretariat of the Association of Eastern and Southern African Travel Agents (AESATA).

For more information visit https://katakenya.org/about/