Dubai, UAE – Dubai Islamic Bank announced the launch of the “Jiwan” direct debit card. In a move that reflects his firm commitment to supporting the UAE’s vision of building a secure and flexible national payments system. It is based on a more independent and efficient national infrastructure.
Through this launch, Dubai Islamic offers its clients with current and savings accounts the opportunity to benefit from the UAE’s first-of-its-kind national payment card system, “Jiwan”. To support the expansion of the adoption of one of the strategic initiatives aimed at developing the country’s national infrastructure.
Developing integrated national infrastructure
Etihad Payments Company, a subsidiary of the Central Bank of the United Arab Emirates, has developed the “Jiwan” system with the aim of developing an integrated national infrastructure for payment cards. Enhancing the flexibility of the country’s payments infrastructure and supporting the secure processing of payments data within the UAE.
By providing the Jiwan Card through the largest Islamic bank in the UAE, Dubai Islamic Bank contributes to expanding the scope of the national payments system designed to keep pace with the country’s economic and digital priorities. This initiative supports strengthening national sovereignty and the independence of the payments infrastructure. It also contributes to supporting the UAE’s ambitions to maintain its leadership in the field of digital payments and financial innovation.
Supporting strategic national priorities
This launch embodies Dubai Islamic’s extended commitment to supporting strategic national priorities and strengthening the national payments system. This contributes to developing the financial infrastructure and consolidating the readiness of the digital economy in the UAE. It also reflects the bank’s keenness to expand the adoption of innovative national solutions. Which provides customers with secure and smooth payment methods that are compatible with the needs of the local market. The direct debit card «Geoon» from «Dubai Islamic» will be available to bank customers with current and savings accounts.
