The UAE has launched Jaywan, a new payment option under the UAE domestic card scheme. This move offers a homegrown alternative to global card networks, providing more control over the country’s economy and its people.
For years, residents relied on foreign card networks. Now, the UAE’s national payment card system offers a safer, locally managed alternative. Jaywan includes debit and prepaid options, with credit cards likely to follow soon.
Importantly, the UAE domestic card scheme works inside and outside the country. Thanks to deals with Visa, Mastercard, Discover, and UnionPay, people can use Jaywan abroad. This makes it useful for travel, online shopping, and everyday needs.
Security is a big part of this system. Jaywan uses EMV chip technology, token protection, and fraud checks. Also, it supports tap-to-pay and mobile wallets for quick and safe payments.
Businesses also benefit from the UAE domestic card scheme. Since it cuts payment costs, shops save more money. Small shops can also accept card payments easily, which helps reduce cash use and boost growth.
Moreover, the card keeps more money inside the country. This supports local banks, shops, and the wider economy. It also means fewer fees go to global companies.
Besides that, the UAE domestic card scheme fits local needs. Users enjoy offers like store discounts and extra services made just for UAE residents. This gives better value compared to foreign card systems.
In addition, Jaywan helps more people join the digital economy. Small businesses and low-income users can now access modern payment tools. This supports financial inclusion across the country.
Going forward, the UAE plans to grow this scheme. New card types and services will come as more people use it. The system will improve based on user feedback and local demand.
To conclude, Jaywan offers several advantages for the UAE. It speeds up transactions, improves security, and cuts costs. This local card system strengthens the nation’s financial independence.
