Latest news with #Jaywan-Visa
CairoScene
11-03-2025
- Business
- CairoScene
Jaywan-Visa Cards Introduced for International Payments
UAE residents can now use these cards in over 200 countries, following a co-badge agreement between Al Etihad Payments and Visa. Mar 11, 2025 UAE residents can now use Jaywan debit and prepaid cards in over 200 countries, following a co-badge agreement between Al Etihad Payments and Visa. The new Jaywan-Visa cards allow customers to make purchases internationally at 150 million merchant partners and for online transactions. This marks the first co-badged Jaywan card in the UAE, enabling domestic and global payments. While mono-badge Jaywan cards can continue to be used locally and within the Gulf Cooperation Council (GCC) region, co-badge versions - partnered with Visa, Mastercard, Discover, and Union Pay - will be able to facilitate payments in foreign countries. For transactions within the UAE, payments will be processed through UAESWITCH, while VisaNet will handle cross-border payments. The Central Bank of the UAE (CBUAE) announced earlier this year that the financial infrastructure is in place for Jaywan's local and international rollout, aiming to reduce payment costs for individuals and businesses.
Gulf Business
10-03-2025
- Business
- Gulf Business
Jaywan-Visa partnership: How will these debit, prepaid cards benefit customers
Image credit: Wam UAE's domestic card scheme Jaywan and Visa have announced their agreement to jointly introduce 'Jaywan-Visa' debit and prepaid cards in the UAE today. Read- Both Al Etihad Payments and Visa will be working with financial institutions, fintech companies, and merchant partners to issue the co-badged cards to their customers. These cards will offer a variety of benefits and value-added services to meet market needs, a '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. Under this partnership between Al Etihad Payments and Visa, we are creating a seamless, secure, and efficient card payment ecosystem that aligns with the UAE's vision for innovation and financial empowerment,' Saif Humaid Al Dhaheri, the CBUAE's Assistant Governor for Banking Operations and Support Services and Chairman of Al Etihad Payments, said reflecting on the partnership. Partnership benefits: What s in it for the customers The partnership will benefit customers in a variety of ways. With both the Jaywan and Visa logos on the cards, customers will be able to make secure payments not only in the UAE but also with over 150 million merchant partners of Visa. They can do so across 200 countries and territories while travelling abroad or shopping online. Under this agreement, the domestic transactions of customers will be processed through the national card switch, UAESWITCH, while cross-border transactions outside the GCC area will be processed through Visa's global network, VisaNet. 'With around 30% of payments still made with cash, we look forward to implementing this agreement and continuing our collaboration with industry partners to extend the benefits of digital payments to more consumers and businesses, as well as the wider UAE economy,' Dr. Saeeda Jaffar, Visa's Senior Vice President and Group Country Manager for the GCC, said. Dr. Jaffar also reiterated that the UAE has always been at the forefront of digital transformation, and significant opportunities remain to further this progress through industry-wide collaboration. The partnership between Visa and Jaywan reaffirms Visa's commitment to providing security, reliability, and innovation for Visa-Jaywan cardholders and merchants in the UAE and globally.
Hi Dubai
10-03-2025
- Business
- Hi Dubai
Al Etihad Payments Partners with Visa to Launch 'Jaywan-Visa' Co-Branded Debit, Prepaid Cards
Al Etihad Payments, a subsidiary of the Central Bank of the UAE (CBUAE), has partnered with Visa to introduce the "Jaywan-Visa" debit and prepaid cards in the UAE. This collaboration aims to enhance the UAE's transition to a digital economy, offering consumers a seamless, secure, and efficient payment experience both locally and globally. The new co-badged cards feature both the Jaywan and Visa logos, enabling users to make secure payments across the UAE and at over 150 million Visa merchants worldwide. Domestic transactions will be processed via the UAE's national card switch, UAESWITCH, while cross-border transactions outside the GCC will be processed through VisaNet, Visa's global network. Saif Humaid Al Dhaheri, Chairman of Al Etihad Payments, highlighted that the initiative is a key step towards strengthening the UAE's financial infrastructure, aligning with the nation's goals for digital transformation. He emphasized that the partnership would support economic growth and financial empowerment in the country. Visa's Dr. Saeeda Jaffar, Senior Vice President for the GCC, noted that while cash still accounts for around 30% of payments, this collaboration will continue to advance the UAE's digital payment ecosystem. She emphasized the importance of further collaboration to extend the benefits of digital payments to more consumers, businesses, and the wider economy. With this partnership, Al Etihad Payments and Visa are set to drive the next wave of innovation in the UAE's payment landscape, reinforcing the nation's position at the forefront of digital transformation. News Source: Emirates News Agency
