AUSTRIACARD HOLDINGS has successfully produced and delivered the first Jaywan payment cards for Wio Bank PJSC. This milestone supports the continued expansion of the UAE's domestic card scheme, Jaywan, which aims to enhance the resilience, efficiency, and sovereignty of the country's payments infrastructure. The cards were manufactured at AUSTRIACARD's Bucharest production facility, combining secure payment card manufacturing expertise with Wio Bank's digital-first banking platform.
The Jaywan card scheme is part of the UAE's National Payment Systems Strategy, launched by Al Etihad Payments under the Central Bank of the UAE. This initiative is designed to advance digital payments and strengthen the national financial ecosystem. By partnering with Wio Bank, AUSTRIACARD is contributing to the growth of Jaywan and the wider UAE card market. The collaboration reflects AUSTRIACARD's commitment to secure, high-quality payment solutions and its growth across the Gulf region.
Burak Bilge, EVP Türkiye, Middle East and Africa, AUSTRIACARD HOLDINGS, highlighted the significance of national card schemes in the Middle East and Africa. He stated that supporting these schemes is a strategic priority for AUSTRIACARD, adding that Jaywan strengthens the company's offerings to issuers. Bilge expressed his pleasure in taking this step with Wio Bank, the UAE's first platform bank and one of the region's fastest-growing digital banks.
Prateek Vahie, Chief Commercial Officer at Wio Bank, emphasized the bank's focus on giving customers seamless access to payment infrastructure. He noted that partnering with AUSTRIACARD to bring Jaywan-issued cards to customers reflects Wio Bank's commitment to the UAE's national payments strategy. This collaboration is another step in building a digital-first banking experience for Wio Bank's customers.
Wio Bank PJSC is the UAE's leading financial platform, reimagining banking for individuals and businesses. Headquartered in Abu Dhabi and fully regulated by the Central Bank of the UAE, Wio is backed by ADQ, Alpha Dhabi Holding, e& and First Abu Dhabi Bank. The bank delivers seamless, personalized financial solutions by combining advanced technology with a human-centric approach.
AUSTRIACARD HOLDINGS AG leverages over 130 years of experience in information management, printing, and communications to deliver secure and transparent experiences for its customers. The company offers a comprehensive suite of products and services, including payment solutions, identification solutions, smart cards, card personalization, digitization solutions, and secure data management. AUSTRIACARD employs a global workforce of 2,360 people and is publicly traded on both the Euronext Athens and Vienna Stock Exchanges.
The delivery of Jaywan payment cards marks a significant milestone in AUSTRIACARD's growth across the Gulf region. The company's commitment to secure, high-quality payment solutions and its collaboration with Wio Bank reflect its strategic priority of supporting national card schemes in the Middle East and Africa. This partnership is expected to contribute to the growth of Jaywan and the wider UAE card market.
Key points
- AUSTRIACARD HOLDINGS has delivered the first Jaywan payment cards for Wio Bank PJSC, supporting the UAE's domestic card scheme and strengthening the country's payments infrastructure.
- The Jaywan card scheme aims to enhance the resilience, efficiency, and sovereignty of the UAE's payments infrastructure as part of the country's National Payment Systems Strategy.
- The collaboration between AUSTRIACARD and Wio Bank reflects their shared ambition to build a resilient, efficient, locally anchored payments landscape in the UAE.
