Introduction of Jaywan Card

If you are travelling from India to the UAE, you don’t need to carry wads of cash or stacks of plastic cards anymore. Just get yourself a Jaywan card, which is based on the India’s RuPay credit and debit card network. RuPay is India’s version of MasterCard or Visa. The domestic payment card was introduced on Tuesday, February 13 by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, and India’s Prime Minister, Narendra Modi.

Benefits of Using RuPay Card in UAE

This news means that RuPay cards issued in India can be used in the UAE. Users will be charged in local currencies, taking out the need for any currency conversion. A number of bilateral agreements were signed on Tuesday, including one that approved the interlinking of India’s Unified Payments Interface (UPI) and UAE’s ‘Aani’ payment systems to smoothen cross-border transactions between the two. UPI is an Indian instant payment system developed by the National Payments Corporation of India, while Aani is a UAE-based instant payment platform operated by Al Etihad Payments, a Central Bank of the UAE subsidiary.