Paymob Powers Jaywan Network Expansion, Boosting Digital Payments in UAE

The UAE's digital payment ecosystem continues to grow! Paymob, a company specializing in electronic payment solutions, has announced its support for the national Jaywan card network. This exciting move means that merchants using Paymob's platform can now accept payments with these new cards through both online payment gateways and Point-of-Sale (POS) devices. This step opens up new opportunities for businesses to tap into a fresh local payment network and reach a growing base of Jaywan cardholders. It's all about giving consumers more payment choices and helping the UAE market build a more integrated digital financial system. Paymob's integration of this national network aligns perfectly with the company's goal to strengthen the UAE's digital payment infrastructure. They're doing this by offering flexible payment solutions to merchants and connecting businesses with modern payment systems that keep pace with the booming e-commerce sector and evolving consumer habits.

Jaywan: A National Payment Infrastructure Boosting Financial Sector Independence

Jaywan is the UAE's very first national card network! It was developed by Al Etihad Payments, under the supervision of the UAE Central Bank, with a clear goal: to create a local payment system that boosts the financial sector's efficiency and strengthens reliance on national payment infrastructure. The UAE officially launched the Jaywan system last July, and cards began to be issued by licensed banks, financial institutions, and exchange houses, making them available for public use. Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the UAE Central Bank's Board of Directors, emphasized that launching this system is a strategic move to enhance the nation's standing in the financial sector. It also supports the development of an advanced national payment system that aligns with future plans. He highlighted that the system reflects the UAE's commitment to building a more efficient, flexible, and competitive financial sector. This will, in turn, foster innovation, expand financial inclusion, and solidify the UAE's position as a global hub for financial services.

Accepted Across E-commerce, POS, and Digital Wallets

Licensed banks and financial institutions will gradually start issuing Jaywan cards in the coming period. These cards will be ready for use across Point-of-Sale (POS) devices, e-commerce platforms, ATMs, and even digital wallets. The cards offer a range of services, including contactless payments, online purchases, and cash withdrawals. Plus, they can be used for both local and international payments, following approved regulations, giving users a smoother and more secure payment experience.