Al Etihad Payments and UnionPay Launch Co - branded Cards in the UAE
Recently, Al Etihad Payments and UnionPay International officially signed a far - reaching strategic cooperation agreement at the headquarters of UnionPay International in Shanghai, marking the joint launch of an innovative "UnionPay - Jaywan" co - branded card in the UAE. This cooperation not only injects new vitality into the payment field in the UAE but also builds a more solid bridge for the increasingly close economic and financial cooperation between the two countries.
According to the agreement, the co - branded card to be issued will bear the logos of both UnionPay and Jaywan, the local payment network in the UAE. This unique design means that the card can be connected to both Jaywan's local payment network and UnionPay's global network. Within the UAE, cardholders will enjoy a seamless transaction experience through the Jaywan network. Whether it is daily shopping or various consumption scenarios, the payment process can be ensured to be efficient and convenient. When cardholders travel outside the UAE, in more than 180 countries and regions around the world, UnionPay's vast global network will provide them with seamless payment services. Whether in a shopping mall in a bustling city or a small store in a remote area, transactions can be easily completed.
The relevant person in charge of Al Etihad Payments said when talking about this cooperation that this initiative is highly consistent with the UAE's grand goal of building a modern payment infrastructure. The launch of the co - branded card aims to provide users with a safe and efficient payment solution. It can not only strongly support local transactions, making every payment in the UAE more convenient for the people, but also facilitate international transactions, meeting the growing cross - border consumption needs of people, thus further promoting the development of financial inclusion.
A representative of Al Etihad Payments further pointed out that the cooperation with UnionPay International fully demonstrates its firm commitment to improving the payment solutions in the UAE. By skillfully integrating the advantages of the two payment networks, the newly launched bank card not only greatly simplifies the payment process within the UAE, allowing consumers to say goodbye to cumbersome payment procedures, but also opens the door to overseas consumption, providing more diverse and convenient payment options.
The relevant person in charge of UnionPay International highly appraised this cooperation and emphasized that this cooperation will play a key role in promoting the UAE to build a more inclusive payment ecosystem. It not only brings tangible convenience to consumers in the UAE but also reflects the increasingly close economic and financial cooperation between China and the UAE. In the current context of economic globalization, the cooperation between the two sides will create more opportunities for enterprises and people of the two countries and promote further growth of bilateral trade and investment.
With the advancement of this strategic cooperation, the launch of the co - branded card is expected to bring significant assistance to the financial market and payment infrastructure construction in the UAE. It is reported that the first batch of co - branded cards will be gradually issued through local financial institutions. By then, consumers in the UAE will be able to personally experience the convenience and efficiency brought by this innovative payment product. This initiative will undoubtedly trigger a new revolution in the payment field in the UAE and lead the industry towards a more prosperous future.
