The UAE Central Bank has confirmed that the Jaywan card is ready for launch, both locally and internationally. This marks a major step in the country’s digital payment growth.
The UAE Central Bank introduced the Jaywan card through Al Etihad Payments. This card aims to lower transaction costs for both individuals and businesses. It is part of the UAE’s goal to become a global leader in digital payments.
Many UAE banks have already started adapting their infrastructure for Jaywan card transactions. In mid-2023, banks set up ATMs to support Jaywan card withdrawals. Ajman Bank became the first to offer this service.
Saif Humaid Al Dhaheri, assistant governor for banking operations, emphasized the importance of localizing payments. He highlighted that this initiative would reduce costs, improve efficiency, and enhance financial services.
The Jaywan card will be available to all UAE residents soon. Customers will enjoy greater financial control, convenience, and security while making transactions.
Jan Pilbauer, CEO of Al Etihad Payments, shared that the next step will focus on meeting customer needs and expanding services.
The Jaywan card will come in different versions:
• Debit cards
• Pre-paid cards
• Credit cards
These cards will allow online payments, ATM withdrawals, and in-store transactions.
UAE banks will issue:
1. Mono-badge cards (Jaywan-only) for local and GCC payments.
2. Co-badge cards (linked with Visa, Mastercard, Discover, and UnionPay) for international transactions.
Al Etihad Payments has partnered with Samsung Gulf Electronics to add Jaywan cards to Samsung Wallet. This will allow users to make contactless mobile payments.
The next step will integrate Jaywan with Google Pay and Apple Pay.
By mid-2025, the Jaywan card will be accepted in India and other international markets. It will also support e-commerce payments, further expanding its reach.
