● 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
Abu Dhabi, United Arab Emirates, 14 April 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
*Source: AETOSWire
Media Contact
Jensen Matthews PR on behalf of Al Etihad Payments
Loredana Matei
lo******@je************.com
+971585850304
