In a groundbreaking move to strengthen its digital economy, the UAE has launched Jaywan, a sovereign card scheme created in partnership with In-Solutions Global (ISG) and Bank of Baroda UAE, under the direction of the Central Bank of the UAE (CBUAE).
Jaywan is designed to process transactions entirely within the country, reducing reliance on international networks like Visa and Mastercard. This domestic control helps lower transaction fees, improve security, and provide better cost-efficiency for banks and merchants.
The card supports contactless payments, complies with local regulatory standards, and plays a vital role in encouraging a cashless society. It also plans to offer interoperability with India’s RuPay network, supporting cross-border use and enhancing regional connectivity.
As the UAE’s digital payment market surges toward $80 billion by 2025, Jaywan positions itself as a vital part of the nation’s fintech future—delivering secure, scalable, and locally governed financial infrastructure.
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