A new partnership between Botim and Mbank has introduced the UAE’s first fintech-enabled Jaywan card, aiming to expand digital payment options in line with national cashless goals.
Announced during the Dubai Fintech Summit, the collaboration allows verified Botim users to apply for and activate a Jaywan prepaid card directly through the app, without the need for a traditional bank account.
Digital payments expansion
The card is issued under the Jaywan scheme, developed by the Central Bank of the UAE and supported by Network International. It serves as the country’s first domestic card system, designed to reduce reliance on international networks and support local financial infrastructure.
This move makes Botim – powered by PayBy – the first fintech platform in the UAE to offer Jaywan card issuance, supporting the Central Bank’s national payment objectives.
Dr. Tariq Bin Hendi, CEO and Board Member of Astra Tech and Botim, said: “The launch of the Jaywan scheme via Botim represents a strategic commitment to enhancing the accessibility and infrastructure of financial services in the UAE. By integrating this national payment solution into our platform, we are empowering users with greater financial autonomy and contributing to the UAE’s digital transformation goals.”
Mohammed Wassim Khayata, CEO of Mbank, added: “Our partnership with Botim to introduce the Jaywan card scheme is a testament to our shared vision of driving financial innovation and inclusion in the UAE. This initiative underscores our commitment to providing cutting-edge digital banking solutions that meet the evolving needs of our customers.”
Part of broader fintech drive
The new card service is part of Botim’s growing fintech offering, which also includes real-time remittances, multi-currency prepaid cards, micro-lending, and in-chat financial tools. The integration of Jaywan is expected to extend secure, digital payments to a wider base of users across the Emirates.
tanvir@dubainewsweek.com
