Lifestyle
How to get the UAE's new Jaywan payment card
The domestic scheme from the Central Bank aims to lower transaction fees and will be issued by all major UAE banks, starting with FAB.
The UAE has launched its own domestic card payment system, Jaywan, to rival international networks like Visa and Mastercard. Here’s what the new system means for your daily spending and how you can get the card.
The UAE has introduced Jaywan, its own domestic card payment scheme, to process local transactions more efficiently. Operated by Al Etihad Payments, a subsidiary of the Central Bank of the UAE (CBUAE), the card aims to reduce costs, enhance security, and provide a unified payment platform for all residents. This guide explains the card's benefits, how it works, and the steps for residents to get one as they become available. ## What is the Jaywan card? Jaywan is the UAE's national payment card. Unlike international card schemes such as Visa or Mastercard that process transactions abroad, Jaywan processes all payments within the UAE. This reduces transaction costs for merchants and banks, and enhances the country's financial independence. The system is built on standards similar to other successful domestic schemes globally. The name "Jaywan" refers to a type of pearl, symbolising wealth and value. First Abu Dhabi Bank (FAB) is the first financial institution to issue the card, with other banks and financial institutions set to follow. Over time, Jaywan will be co-badged with international card schemes on most bank-issued debit cards. ## Key benefits for residents The introduction…