These debit and prepaid cards can be used physically as well as during online shopping across these territories
Aani offers real-time money transfers using mobile numbers, email addresses and QR codes. Photo: Al Etihad Payments
Established by the Central Bank of the UAE in 2023, Al Etihad Payments is at the helm of revolutionizing the nation’s payment landscape—scaling up operations, taking charge of UAESWITCH and UAEWPS, and shaping the future of digital transactions.
As a leading payments entity, Al Etihad Payments is dedicated to developing and operating world-class infrastructure, standards, and solutions for the UAE. Al Etihad Payments is a subsidiary of the Central Bank of the UAE, strongly supported by the UAE Government .
Aani is a payments platform that allows customers to transfer funds up to AED 50,000 immediately and conveniently, on a 24*7 basis. It offers innovative services such as Proxy Payments, QR-code-based payments, Request to Pay, and split payments.
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Al Etihad Payments, a subsidiary of the Central Bank of the UAE, offers additional services to support customers' digital transactions across the UAE.
UAESWITCH links the ATM networks of all banks in the UAE, enabling all customers to safely and securely use any ATM in the UAE. UAESWITCH is also available to customers across GCC countries, where a GCCNET logo is displayed. UAESWITCH also processes domestic Point of Sale (POS) debit card transactions.
Al Etihad Payments is launching the UAE's own Jaywan, ushering a new era of card payments in the UAE with localisation of debit card transactions, ensuring that payment-related data is processed and stored in the UAE. Through implementation of the Jaywan, Al Etihad Payments will help minimise economic cost of electronic payments to benefit end users, merchants, and licensed financial institutions.
UAE Wages Protection System (UAEWPS) provides a safe, secure, efficient and robust mechanism to streamline the timely payment of wages to employees by their employers.
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