Al Etihad Payments And Mastercard Introduces Jaywan – Mastercard Cards in UAE

Facebook
Twitter
LinkedIn
Al Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE’s national card switch (UAESWITCH) and manages domestic card scheme “Jaywan”, and Mastercard have announced a strategic collaboration to launch “Jaywan - Mastercard” co-badged debit and prepaid cards in the UAE. Image Courtesy: AEP

Al Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE’s national card switch (UAESWITCH) and manages domestic card scheme “Jaywan”, and Mastercard have announced a strategic collaboration to launch “Jaywan – Mastercard” co-badged debit and prepaid cards in the UAE.

Jaywan-Mastercard debit and prepaid cards will enable cardholders to carry out secure, simpler, smarter and more accessible payment transactions, including e-commerce transactions, setting a new benchmark in the UAE’s payment landscape by combining innovative products and value-added services.

In providing customers with access to such a wide range of domestic and international financial services through Mastercard and AEP’s respective networks, this new collaboration will add unparalleled value and offer customers greater convenience, enhanced security and a more seamless payment experience. AEP and Mastercard will work closely together in cooperation with all market players to deliver flexible solutions that meet the evolving needs of the UAE’s advanced payment ecosystem and boost user experience.

Al Etihad Logo taken from their official website, Mastercard symbol taken from their official website.

“We are pleased to announce our collaboration with Mastercard in our endeavor to pioneer the new generation of digital payments in the UAE. The introduction of the Jaywan-Mastercard debit and prepaid cards is a significant step towards realizing our vision of a more inclusive and innovative financial landscape. By leveraging advanced technology through such partnership, we aim to offer our citizens and residents more convenience, security, and access to a global network of financial services. This collaboration not only enhances the payment experience but also supports the UAE’s broader economic growth and digital transformation goals.” said H.E Saif Humaid Aldhaheri, the CBUAE’s Assistant Governor for Banking Operations and Support Services, Chairman of Al Etihad Payments.

“At Mastercard, we are committed to driving financial inclusion and providing digital solutions that help customers make seamless and secure transactions in the UAE and beyond. Our commitment to the UAE is embedded in our strategic engagements at federal and local levels. We are proud to collaborate with AEP to facilitate access to financial services and empower more people to reap the benefits of the digital economy,” said J.K. Khalil, Division President, East Arabia, Mastercard.

Source

For more such related news:

MultiBank Group And Mashreq Forges Partnership To Power API-Payments Integration

Geidea and Mastercard join forces to transform digital payments for SMEs in the UAE

Mastercard Collaborates with CBE and EBC to Bring Apple Pay for Users in Egypt

Share.

RELATED POSTS

Ibrahim, Founder and CEO of Revie. Image Courtesy: Revie
Sanabil Venture Studio by Stryber Invests USD 2.5mln in Revie’s Seed Funding
Ghassan Najmeddin, Head of Retail Banking and Wealth Management, Emirates NDB KSA, and Sumanth Kapoor, Business Head, KSA and Bahrain, VFS Global, signed the agreement. Image Courtesy: Emirates NDB
Emirates NBD Partners with VFS Global to Boost Consumer's Benefits and Services
James Anthos speaking at Future Branches conference. (Photo: Wes Ellis)
Fifth Third Bank Plans To Expand Retail Branch Footprints In Southeast Markets

LATEST POSTS

Wise has secured regulatory approvals by the Central Bank of the United Arab Emirates (CBUAE) to bring its suite of products to the country. Image courtesy: Wise
Farid Yousefi CEO at Finder Group Ai. Image courtesy: Finder Group Ai
Representational Image of Oil and Gas. Image Courtesy: Pexels
Representational Image on WiFi Issues.