UAE’s Jaywan platform to launch a credit card

TAILORING TECH AND ENSURING ACCEPTABILITY CRUCIAL

- BY MANOJ NAIR Business Editor

After the Jaywan debit card, there will also be a credit card option from the UAE’s newly launched payment platform.

This marks a significant step forward for the Jaywan domestic card payment scheme, whether that’s for consumers or businesses in the UAE.

“We are in the final stages of defining what the Jaywan credit card scheme will be,” said Jan Pilbauer, CEO of Al Etihad Payments, which is part of the UAE Central Bank and has a mandate to develop the UAE’s own domestic payment options.

Need to build the ecosystem

“Having already launched the Jaywan debit cards doesn’t mean it will make launching a domestic credit card scheme any easier. It’s not something many have done before,” he added.