Al Etihad Payments and Mastercard Launch World’s First Jaywan-Mastercard Co-Badged Credit Card

Al Etihad Payments (AEP), a wholly-owned subsidiary of the Central Bank of the UAE (CBUAE), in its capacity as the owner and operator of the UAE’s national card switch and domestic card scheme “Jaywan”, has entered into a first-of-its-kind strategic partnership with Mastercard. The partnership includes the launch of the world’s first “Jaywan–Mastercard” co-badged credit card, the development of advanced infrastructure for the switching and processing of card payment transactions, and the establi