Network International unveils UAE domestic card scheme ‘Jaywan’ for merchants

By Delisha Fernandes

Network International (Network), the enabler of digital commerce across the Middle East and Africa (MEA) region, has launched UAE domestic card scheme ‘Jaywan’ for its merchants in partnership with Al Etihad Payments, a subsidiary of the Central Bank of the UAE (CBUAE).

Nandan Mer, Group CEO of Network International, said, “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, endorsed by CBUAE, underscores Network’s vision to empower businesses and merchants with the latest payment technologies.”

The Jaywan Domestic Card Scheme aims to advance the UAE national agenda, bring efficiency and promote digital payments by boosting card-based transactions across all segments of customers. Over time, Jaywan will expand international acceptance points and offer convenience for UAE residents in making card-based transactions abroad. Jaywan cards will be available for issuance to all customers of UAE’s licensed financial institutions, including banks, exchange houses and others.

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

Jan Pilbauer, CEO, Al Etihad Payments, said “Jaywan is designed to build an accessible and affordable payments network tailored to the specific needs and preferences of everyone in the UAE. Our partnership with Network International reflects our commitment to meeting the ever-evolving needs of merchants, delivering greater convenience and seamless transaction capabilities. This collaboration will enable customers to transact effortlessly across the UAE, enhancing the overall payments experience for everyone.”