Al Etihad Payments selects Fime for Jaywan scheme

Fime's involvement aims to streamline certification processes for scheme participants, aligning with Jaywan's objectives of enhancing financial inclusion, sovereignty, and economic stability in the region.

To ensure the security, functionality, and compliance of the payment scheme, Fime will establish a specialized testing lab and a custom cloud-based testing and certification platform, leveraging the Fime Test Factory. Fime will also provide consulting support, technical assistance, and managed services to guide issuers, acquirers, and vendors through the certification process.

Al Etihad Payments, a subsidiary of the Central Bank of the UAE, has chosen Fime to support the establishment of the UAE's domestic card payment scheme, known as Jaywan.

Representatives of Etihad Payments, see the launch of the Jaywan scheme as a significant step towards building a robust digital payments ecosystem in the UAE and reducing reliance on cash transactions. Collaboration with Fime, recognized for its expertise in consulting and certification services, underscores the commitment to ensuring the safety, innovation, and convenience of electronic payments in the UAE.

Fime representatives expresses pride in facilitating the growth of digital transactions in the UAE alongside Al Etihad Payments. The company’s experts aim to support the country's digitalization journey by combining global payments knowledge with local insight.

The company offers consulting and testing services in payments, smart mobility, biometrics, authentication, and open banking, enabling clients to develop and launch trusted and secure solutions. With a global perspective and local insight, Fime's consultants partner with organizations worldwide to define, design, deliver, and test their products and services. The firm aims to help clients swiftly bring products to market, achieve competitive advantage, and innovate the future of trusted transactions, supported by a team of over 400 experts worldwide.