UAE

Explained: UAE’s Jaywan Card and Its Benefits

Jaywan is the first national domestic card in the UAE, the aim of which is the increase of the population’s access to financial services and the decrease of payment expenditures in the country. Jaywan is set up by Al Etihad Payments which is a subsidiary of the UAE Central Bank and the online service is meant at revolutionizing the payment industry in the UAE and place the UAE at the forefront of the world’s financial technology innovation.

Launch and Availability

The Jaywan card which got its name from a precious pearl identified from the history of UAE will be launched in the end of June by different issuers with others being in the pipeline in the following months. Initial focus is on its broad physical acceptance by consumers at the ATMs and the point-of-sale terminals. Acceptance of e-commerce will be topics that will later be introduced in the year.

Eligibility and Issuance

Jaywan will become available to all licensed financial institutions in the UAE and therefore widely cover more customer segments. The card can be made as the salary card by the exchange houses or linked to the accounts in the bank where they include the features like the discounts on international remittances, purchase protections, and discounts on the merchants.

Benefits of Jaywan

Jaywan is aimed at being a highly effective, secure, integrated and low-cost tool.

• Increased Payment Options: Beneficial for enhancing the UAE’s financial industry by offering more options in the market for the consumption of the public.
• Cost Efficiency: Intended to be less costly than other forms of payment systems while at the same time being mutually advantageous to end users and traders.
• Merchant Discounts: Other benefits include a range of discounts given to card holders depending on the merchants that accept the card, thus boosting the card’s utility.
• Financial Inclusion: Aids in the reduction of currency circulation and increases the adoption of cards among merchants, thus helping to diversify the financial services sector.

International Usability and Co-Badging

Jaywan cards can be used for domestic payments and through reciprocity arrangements in other parts of the world: GCC countries and India. Issuers may also come up with co-branded Jaywan cards with Visa and Mastercard or with other international schemes that allow cross-border transactions.

Photo: Al Etihad Payments

Victoria Dickinson

Victoria Dickinson is a seasoned journalist at Dubai.News, specializing in real estate and business news. With over a decade of experience in the industry, Victoria has a keen eye for market trends and an in-depth understanding of the economic factors influencing the real estate sector. Based in Dubai, she provides insightful analysis and comprehensive coverage of the region's dynamic property market, from luxury developments to emerging business hubs. Victoria's background in economics and finance, coupled with her passion for storytelling, allows her to deliver news that is both informative and engaging. Her articles not only inform but also help readers make well-informed decisions in the competitive real estate landscape. Outside of her professional work, Victoria enjoys exploring Dubai’s diverse neighborhoods and attending industry events to stay ahead of the latest developments.

Recent Posts

Brad Pitt’s F1 Film Leads UAE Box Office This Weekend

Cinemas in the UAE are gearing up with a big bang as the leadership weekend…

26 minutes ago

UAE Ramadan and Eid 2026 Dates Announced by Emirates Astronomy Society

The Emirates Astronomy Society has published the predicted times of the major Islamic holidays in…

40 minutes ago

Dubai Welcomes 8.68 Million Tourists in Early 2025 as Hotel Sector Hits New Highs

The tourism sector in Dubai keeps rising with 8.68 million visitors who are international coming…

1 day ago

Dubai’s RTA Explores Quantum Technology to Revolutionize Traffic and Transport

The Roads and Transport Authority (RTA) of Dubai is considering the future applications of the…

1 day ago

AURA Skypool Welcomes Families for the First Time with Night Swims for Kids

AURA Skypool is the world celebrated sky pool in Dubai that has finally opened its…

3 days ago

UAE Flights Delayed and Cancelled Amid Regional Airspace Closures

Air service in the UAE has been badly affected after regional airspace were closed due…

3 days ago