I&M Bank Uganda has unveiled the I&M Bank Multi-currency Prepaid Card, a financial product designed to enable customers to make payments and purchases using funds pre-loaded onto the card.
The bank says the card offers a safe, convenient, and flexible way for customers to manage money both locally and internationally, without the need for a traditional bank account or line of credit.
The card is accepted on Mastercard-enabled ATMs, point-of-sale (POS) terminals, and online platforms, making it suitable for everyday shopping, online transactions, and travel.
Customers can load funds instantly through multiple channels, including branch transfers, internet and mobile banking, cash deposits, ATMs, bank agents, and mobile money services.
A key feature of the product is its multi-currency functionality, which allows users to hold up to nine currencies, including Ugandan shilling (UGX), US dollar (USD), euro (EUR), British pound (GBP), Kenyan shilling (KES), Tanzanian shilling (TZS), Rwandan franc (RWF), South African rand (ZAR), and Indian rupee (INR).
According to I&M Bank Uganda Chief Executive Officer Robin Bairstow, the product is aimed at giving customers greater control over their finances.
“We are seeing more customers look for simple tools that help them manage money on their own terms,” Bairstow said. “This card fits into everyday life, whether someone is supporting family, budgeting monthly expenses, or handling income that does not come in on a fixed schedule.”
He added that the prepaid card is designed to support practical financial management beyond everyday payments.
I&M Bank Head of Marketing and Corporate Communications Annette Nakiyaga said the product is aimed at simplifying financial transactions for customers.
“Our focus is always on creating solutions that make everyday money matters easier for our customers,” Nakiyaga said. “The I&M Mastercard prepaid card is designed to make handling money less complicated and more predictable, so people can focus on what matters most.”
The card is available to both account holders and non-account holders, with flexible usage limits depending on customer needs.
According to the bank, default daily limits are set at Shs3 million for ATM withdrawals and Shs20 million for retail and online purchases, with maximum limits of up to Shs10 million and Shs50 million respectively.
Customers can request adjustments to these limits based on their financial needs.
