Abu Dhabi, United Arab Emirates - Monday, 14. April 2025 AETOSWire Print 

AEP Announces Key Partnerships with Discover®️, Mastercard, UnionPay, and Visa to Enable Local and Global Transactions for Jaywan Cards
UAE financial institutions will begin issuing Jaywan co-badged cards from H2 of 2025
 

Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has announced the signing of strategic co-badging agreements with leading international card schemes, including Discover®️, Mastercard, UnionPay and Visa. These agreements enhance Jaywan, the UAE’s Domestic Card Scheme, by enabling international transactions while ensuring a strong and efficient domestic payment network.

With these partnerships, Jaywan cardholders will have the flexibility to transact worldwide, leveraging the global reach of leading international payment networks. Within the UAE, transactions will continue to be processed securely through UAESWITCH, maintaining a high standard of reliability and performance.

Saif Al Dhaheri, Chairman of Al Etihad Payments, said: “Jaywan is a key step toward strengthening the UAE’s financial infrastructure, offering a locally rooted payment solution that supports economic growth and digital transformation. We are leveraging advanced technology and strategic partnerships, and we are creating a secure, and efficient payment ecosystem that aligns with the nation’s vision for innovation and financial empowerment.”

Jaywan will introduce debit and prepaid co-badged cards for everyday transactions, salary disbursements, and secure cross-border payments. UAE financial institutions will begin issuing Jaywan co-badged cards from H2 of 2025.

Jaywan co-badge cards will provide international acceptance, and cardholders can use their cards abroad, ensuring that travel and cross-border payments remain seamless. These partnerships enhance Jaywan's usability by extending its reach to international merchants, ATMs, and online payment platforms, allowing users to transact effortlessly both in the UAE and beyond.

About Al Etihad Payments

Al Etihad Payments (AEP), as the national payments entity in the UAE, plays a crucial role in developing and operating the best-in-class national payments infrastructure. Driven by a mission to support the government's vision of a society less reliant on cash and national digitization, AEP strategically positions itself to provide innovative and interoperable payment solutions, enable financial institutions to enhance customer experience, and fortify a robust, efficient, and secure financial market infrastructure for the UAE.

For more information, please visit Al Etihad Payments website: https://aep.ae

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Contacts
Media Contact

Jensen Matthews PR on behalf of Al Etihad Payments

Loredana Matei

loredana@jensenmatthews.com

+971585850304