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Central Bank of the UAE Launches National Payment Card Scheme in Abu Dhabi

Steady: 0 in the last 7 days Updated sep 23

The latest in this situation

  1. AUSTRIACARD expands support for national payment schemes in Abu Dhabi.
  2. Emirates integrated the national card scheme into its airline payment system.
  3. CBUAE and Mastercard concluded a capacity-building programme held at CBUAE's headquarters in Abu Dhabi.

How it started

1 report, 1 independent, last reported Jul 20. The briefing below covers this first event.

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

The Central Bank of the UAE has launched Jaywan, the country's first national payment card scheme, which is currently rolling out nationwide in a phased manner. The scheme was formally unveiled in Abu Dhabi. Jaywan cards are available to consumers for use in contactless payments, online purchases, cash withdrawals, and digital wallet transactions across the UAE.

From cairoscene.com

Why it matters

Some supportBrind's analysis of the reports

The launch reflects the country's commitment to building a competitive and resilient financial sector. The scheme supports international transactions in line with applicable regulations and includes a rewards programme developed with partners in the travel, retail, hospitality, and lifestyle sectors.

From cairoscene.com

Who's involved

  • Abu DhabiLaunch location for the national payment card scheme

How it developed

Newest first. Tap a step to see who reported it.
  1. Market activity in Abu Dhabi was reported to the press by Gulf News on September 19th.Sub-event
  2. AUSTRIACARD expands support for national payment schemes in Abu Dhabi.Sub-event
  3. Mastercard partnered with Al Etihad Payments to launch a co-badged credit card and supporting infrastructure within the UAE market.Sub-event
  4. AEP, a wholly-owned subsidiary of the Central Bank of the UAE, has formed a strategic partnership with Mastercard, which is establishing a new operations centre in the UAE.Sub-event
  5. Commercial Bank of Dubai introduced Jaywan prepaid and debit cards under the Central Bank framework.Sub-event
  6. National payment card network launched in Abu Dhabi/UAE.1 source

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Coverage

Newest first; wire copies grouped