Deal signed to carry out smarter payment transactions in the UAE

Al Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE's national card switch (UAESWITCH) and manages domestic card scheme “Jaywan", and Mastercard have announced a strategic collaboration to launch “Jaywan - Mastercard” co-badged debit and prepaid cards in the UAE.

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AI Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE's national card switch (UAESWITCH) and manages domestic card scheme "Jaywan", and Mastercard have announced a strategic collaboration to launch "Jaywan - Mastercard" co-badged debit and prepaid cards in the UAE.

Jaywan-Mastercard debit and prepaid cards will enable cardholders to carry out secure, simpler, smarter and more accessible payment transactions, including e-commerce transactions, setting a new benchmark in the UAE's payment landscape by combining innovative products and value-added services.

In providing customers with access to such a wide range of domestic and international financial services through Mastercard and AEP's respective networks, this new collaboration will add unparalleled value and offer customers greater convenience, enhanced security and a more seamless payment experience. AEP and Mastercard will work closely together in cooperation with all market players to deliver flexible solutions that meet the evolving needs of the UAE's advanced payment ecosystem and boost user experience.