Fri, Nov 22 2024
Al Etihad Payments, a division of the UAE Central Bank, has chosen Fime to be a major player in the launch of Jaywan, the country's domestic card payment program.
Fime will put in place a framework to make certification for scheme participants simpler in order to support the goals of the initiative, which include increasing financial inclusion, regional sovereignty, and economic stability.
Fime will set up a dedicated testing lab and a custom cloud-based testing and certification platform, powered by the Fime Test Factory, to guarantee the security, functionality, and compliance of the payment method. Fime's professionals will offer managed services, on-demand technical support, and advisory support to issuers, acquirers, and suppliers to help them swiftly and simply navigate the certification process.
The introduction of the Jaywan program is a big step toward our goal of lowering reliance on cash transactions and building a strong digital payments ecosystem in the United Arab Emirates. The CEO of Al Etihad Payments, Jan Pilbauer, says, "Working with Fime, a company well-known for its proficiency in certification and consulting services, highlights our dedication to guaranteeing the security, ease, and creativity of electronic payments for the entire UAE.
"Fime is proud to be facilitating the growth of digital transactions in the UAE in partnership with Al Etihad Payments," says Fime CEO Lionel Grosclaude. Our specialists will use an industry-first blend of local knowledge and expertise in international payments to assist the nation on its digitalization journey.
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