Central Bank of the UAE Launches National Payment Card Scheme in Abu Dhabi
1 report, 1 independent
Updated Jul 20
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
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
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.- Market activity in Abu Dhabi was reported to the press by Gulf News on September 19th.Sub-event
- AUSTRIACARD expands support for national payment schemes in Abu Dhabi.Sub-event
- Mastercard partnered with Al Etihad Payments to launch a co-badged credit card and supporting infrastructure within the UAE market.Sub-event
- 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
- Commercial Bank of Dubai introduced Jaywan prepaid and debit cards under the Central Bank framework.Sub-event
National payment card network launched in Abu Dhabi/UAE.1 source
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The entities involved
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Abu Dhabi
capital city of the United Arab Emirates
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