Latest news with #SaifHumaidAlDhaheri
Dubai Eye
11-03-2025
- Business
- Dubai Eye
Al Etihad Payments and Visa announce co-badging partnership
Al Etihad Payments has announced an agreement to jointly introduce the "Jaywan- Visa" debit and prepaid cards in the UAE. The deal means customers will be able to pay securely in the UAE and at Visa's more than 150 million merchant partners across 200 countries. Al Etihad Payments is a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE's of the national card switch (UAESWITCH) and the UAE's domestic card scheme "Jaywan", and Visa. The two entities will work closely with local financial institutions, fintech and merchant partners to issue to their customers co-badged cards carrying a set of benefits and value-added services that meet the market needs. Domestic transactions 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". The CBUAE's Assistant Governor for Banking Operations and Support Services and Chairman of Al Etihad Payments, Saif Humaid Al Dhaheri, 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. 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." Visa's Senior Vice President and Group Country Manager for the GCC, Dr. Saeeda Jaffar, said, "With around 30 per cent 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." She added that the UAE has been at the forefront of digital transformation, and significant opportunities remain to further this progress through industry-wide collaboration. This agreement reaffirms Visa's commitment to providing security, reliability, and innovation to be enjoyed by Visa-Jaywan cardholders and merchants in the UAE and globally.
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
Zawya
10-03-2025
- Business
- Zawya
Al Etihad Payments, Visa announce 'Jaywan- Visa' co-badging partnership
DUBAI - Al Etihad Payments, a wholly owned subsidiary of the Central Bank of the UAE (CBUAE), which operates the UAE's of the national card switch (UAESWITCH) and the UAE's domestic card scheme "Jaywan", and Visa, today announced their agreement to jointly introduce "Jaywan- Visa" debit and prepaid cards in the UAE. This co-badging partnership strengthens the continuous joint efforts to support the UAE authorities' ambition of accelerating the transition towards a digital economy. Al Etihad Payments and Visa will work closely with local financial institutions, fintech and merchant partners to issue to their customers co-badged cards carrying a set of benefits and value-added services that meet the market needs. With both Jaywan and Visa logos on the cards, customers will be able to pay securely in the UAE and at Visa's more than 150 million merchant partners across 200 countries and territories while travelling abroad or shopping online. Under this agreement, domestic transactions 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". Saif Humaid Al Dhaheri, the CBUAE's Assistant Governor for Banking Operations and Support Services and 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. 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." Dr. Saeeda Jaffar, Visa's Senior Vice President and Group Country Manager for the GCC, said, "With around 30 percent 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." She added that the UAE has been at the forefront of digital transformation, and significant opportunities remain to further this progress through industry-wide collaboration. This agreement reaffirms Visa's commitment to providing security, reliability, and innovation to be enjoyed by Visa-Jaywan cardholders and merchants in the UAE and globally.
Khaleej Times
10-03-2025
- Business
- Khaleej Times
UAE residents can now use Jaywan to pay in 200 foreign countries with co-badge card
The UAE's Al Etihad Payments, which operates the national card switch (UAESWITCH) and the domestic card scheme Jaywan, has signed an agreement with Visa to introduce co-badged 'Jaywan - Visa' debit and prepaid cards in the country. With both Jaywan and Visa logos on the cards, UAE customers will be able to pay in the UAE and at more than 150 million merchant partners across 200 countries and territories when travelling abroad or shopping online. This will be the first co-badged Jaywan card in the UAE that customers can use for online payments and when travelling abroad. As reported by Khaleej Times earlier, banks and other financial institutions will offer their customers a mono-badge card — Jaywan — for local usage as well as in the Gulf Cooperation Council (GCC) countries. Meanwhile, a co-badge card in partnership with international payment schemes such as Discover, Mastercard, Visa and UnionPay will be offered for payments in foreign countries. Transactions in the UAE will be processed through the UAESWITCH while cross-border transactions outside the GCC area will be processed through Visa's global network 'VisaNet'. Al Etihad Payments is a subsidiary of the Central Bank of UAE (CBUAE). In February, the Central Bank revealed that financial infrastructure is ready to launch the country's first domestic card Jaywan locally and globally. The card will help individual customers and companies in reducing payment costs. Saif Humaid Al Dhaheri, chairman of Al Etihad Payments, said the new cards in partnership with Visa will create a 'seamless, secure, and efficient card payment ecosystem'. '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,' he said. 'With around 30 per cent 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,' said Dr Saeeda Jaffar, senior vice president and group country manager for the GCC at Visa.
