Network International, a leading enabler of digital commerce across the Middle East and Africa (MEA) region, is set to revolutionize the UAE’s payment landscape by being among the first acquirers to activate the ‘Jaywan’ Domestic Card Scheme. This initiative, in partnership with Al Etihad Payments, a subsidiary of the Central Bank of the UAE (CBUAE), aims to advance the UAE national agenda by promoting card-based transactions and boosting digital payments across all customer segments.
The Jaywan Domestic Card Scheme is designed to enhance the efficiency of digital payments within the UAE, providing residents with a convenient and secure method for card-based transactions both locally and internationally. These cards will be available to all customers of licensed financial institutions in the UAE, including banks and exchange houses.
As a leading acquirer with over 60,000 merchants spanning sectors such as high-end retail, hospitality, electronics, jewelry, and hypermarkets, Network International will leverage its 30+ years of expertise to bring this innovative solution to market. This effort aligns with Network International’s strategy to lead payment solutions in the region through a commitment to innovation and excellence.
Nandan Mer, Group CEO of Network International, remarked, “The launch of the Jaywan scheme is a vital step in digitalizing the UAE economy. We are proud to drive this innovation through our extensive merchant network and expertise. It aligns with our ambitious strategy to lead in payment solutions in the region.”
Jamal Al Nassai, Group Managing Director for Merchant Services – Middle East and North Africa at Network International, added, “Our global and local industry knowledge, combined with Al Etihad Payments’ infrastructure, is poised for success in establishing a robust digital payments ecosystem in the UAE, reducing dependence on cash transactions.”
Jan Pilbauer, CEO of Al Etihad Payments, emphasized the significance of the partnership: “Jaywan is designed to build an accessible and affordable payments network tailored to the specific needs of everyone in the UAE. This collaboration will enhance the overall payments experience for everyone, enabling seamless transaction capabilities across the UAE.”
Explore more about Network International and the Jaywan Domestic Card Scheme.
