Network International (Network) is set to accelerate payment innovation in the UAE, as the company is among the first acquirers to activate ‘Jaywan’, the country’s domestic card scheme, among its merchants in partnership with Al Etihad Payments.
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.
“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’s ambitious strategy to be the leader of payment solutions in the region, by strengthening our commitment to innovation and excellence,” said Nandan Mer, Group CEO of Network.
“The partnership with Al Etihad Payments, endorsed by CBUAE, underscores Network’s vision to empower businesses and merchants with the latest payment technologies.”
Jaywan is set to 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 licenced 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.
The payments company has more than 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.
The domestic payments scheme seeks to promote digital payments by boosting card-based transactions across all segments of customers.
