The UAE’s national Jaywan digital payments mechanism, launched in February this year, is being rolled out in phases by banks. On Tuesday, Ajman Bank said it is among the first banks to successfully integrate the Jaywan card cross its ATM network. The bank said this would facilitate seamless cash withdrawals for Jaywan cardholders.

Launched by Al Etihad Payments, a subsidiary of the Central Bank of the UAE, the Jaywan card is designed to boost efficiency and sovereignty in the national payment landscape by promoting digital transactions in dirhams

“We are proud to be one of the first banks in the UAE to accept Jaywan cards on our ATMs,” said Mustafa Al Khalfawi, CEO of Ajman Bank.

He said the initiative is innovative and added that it is a commitment to the UAE’s domestic payments agenda. “We are confident that this will enhance the payment experience for Jaywan cardholders while supporting the broader economic goals of the nation,” Al Khalfawi added.

Commenting on adoption of Jaywan, Jan Pilbauer, CEO, Al Etihad Payments, said: “Jaywan has been launched in line with a vision to expand the national financial market infrastructure in the UAE.  Jaywan cards are designed to offer convenience for customers of UAE’s Licensed Financial Institutions, being progressively accepted across all payment channels – ATMs, Point of Sale, and eCommerce.”

He said that the partnership with Ajman Bank, along with other financial institutions in the UAE, will enhance “convenience and accessibility for users”.

Al Etihad Payments, the national payments entity, plays a  crucial role in developing the country’s payments infrastructure.

Earlier this month, Network International said it would activate the Jaywan payments. Network said it would leverage its expertise and experience of over 30 years to launch the initiative to its merchants to drive payments “innovation, digitisation, and global interoperability”.

Network has over 60,000 merchants in the UAE spanning several sectors including high-end retail, hospitality, electronics, jewellery and hypermarkets among others, that stand to benefit from this new instant payment solution.

“The launch of the Jaywan scheme is a vital step to digitalising the UAE economy, and we are proud to drive this innovation through our extensive merchant network and expertise. It aligns with Network International’s ambitious strategy to be the leader of payment solutions in the region, by strengthening our commitment to innovation and excellence. The partnership with Al Etihad Payments underscores Network’s vision to empower businesses and merchants with the latest payment technologies,” said Nandan Mer, Group CEO of Network International.

 

 

 

 

 

 

ALETIHAD