I&M Bank Targets Cross-Border Traders With New Real-Time FX Service

I&M Bank has rolled out a new real-time foreign exchange trading service aimed at making it easier and faster for businesses that deal in cross-border payments and regional trade.

The new platform, known as I&M FX Direct, allows customers to access live currency rates, execute transactions instantly and settle trades in real time, removing the delays associated with traditional phone-based forex dealing.The service is expected to benefit companies that regularly handle import and export payments, regional transfers and foreign currency exposure, especially firms operating across East Africa.

Regional CEO Kihara Maina said the bank’s goal is to move more businesses to digital FX trading by showing clear gains in control and efficiency, particularly for companies managing tight cash flows and operating across borders.Although the platform has been launched in Kenya, it is designed to integrate with I&M Group’s regional network in Tanzania, Rwanda, Uganda and Mauritius, creating a single cross-border banking experience for customers.

Through this rollout, I&M Bank is positioning itself to support the growing volume of intra-East African trade by giving businesses faster, more transparent access to foreign exchange services.