Multiple UAE banks begin rollout of Jaywan national cards

The rollout of Jaywan, the UAE’s first domestic card scheme, marks a major shift in the country's financial infrastructure. Managed by Al Etihad Payments, this initiative aims to streamline local transactions and reduce dependency on international payment networks. For procurement professionals, the implementation of Jaywan could lead to lower transaction fees for B2B procurement and improved cash flow management when dealing with local industrial equipment vendors.

As the industrial sector continues to digitize, the adoption of a national payment scheme offers more secure and efficient processing for high-value equipment acquisitions. Buyers should monitor how their banking partners integrate Jaywan to optimize procurement budgets and simplify the payment process for domestic logistics and maintenance contracts.