Abu Dhabi, UAE – Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, and Chief of the Presidential Office, inaugurated the ceremony. Chairman of the Board of Directors of the Central Bank of the United Arab Emirates, Jaywan System. The first national payments system in the country. He announced the start of the official issuance of the card at the level of banks, financial institutions and licensed exchange companies, and its readiness for use by dealers.
This came during the reception of His Highness Khaled Mohammed Belaama, Governor of the Central Bank of the Emirates, and members of the Board of Directors of Al-Etihad Payments Company. And a number of CEOs of local and international banks, financial institutions, and payments companies. Emphasizing the close partnership between the Central Bank of the Emirates and the financial sector in supporting the “Jaywan” national payments system.
He stressed the launch of the first national payments system, “Jaywan”. The launch of its national issuance represents a strategic step that strengthens the UAE’s sovereignty over its financial infrastructure. It contributes to establishing an advanced national payments system that keeps pace with the country’s future aspirations and translates the wise leadership’s vision of financial leadership.
He said that this achievement reflects the UAE’s commitment to continuing to build a more efficient, flexible and competitive financial sector. It opens broader horizons for innovation and expands the base of financial inclusion. The country’s position proves it a leading global center for financial services. This step represents a pivotal milestone in strengthening the national payments system. Improving the efficiency of the financial infrastructure and supporting the digital transformation process in the UAE.
Licensed banks and financial institutions have begun issuing “Jaywan” cards in stages, which will continue in the coming months.
Jaywan cards of all denominations are accepted at point-of-sale devices, e-commerce platforms, ATMs, and digital wallets. Supporting contactless payments, online purchases, and cash withdrawals, with the potential to be used for both local and international payments. In accordance with approved controls, and in a way that provides an integrated and secure payment experience for customers.
Holders of these cards also enjoy an integrated program of benefits and offers, in cooperation with a number of strategic partners. Sectors include travel, shopping, hospitality, and lifestyles.
