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Home / Blog / Best prepaid cashback card - Sav

Best prepaid cashback card – Sav

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Sav is not a bank, financial institution, or a money services provider. Sav is a technology company with a purpose of providing its users tools to visualise and manage their savings efficiently. Sav limits its engagement to extending APIs and technology components of licensed financial services providers to its users. The Sav Card is arranged and provided by Nymcard Payment Services LLC and issued by Mashreqbank PSC, pursuant to license by Visa Inc. Nymcard Payment Services LLC is authorised by the Central Bank of The UAE, holding the Retail Payment Services and Card Schemes license.

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Sav Technologies Limited (“Sav”) (F009281) is regulated by the Dubai Financial Services Authority (“DFSA”). It holds Category 4 license for advising on financial products, arranging deals in investments, advising or arranging on money services, and arranging credit and advising on credit with a Retail Client Endorsement. Sav is registered in Dubai International Financial Centre (“DIFC”) (5474) with its registered address at Unit IH-00-01-02-OF-01 Level 2, Innovation One, DIFC, Dubai, United Arab Emirates.

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The Sav Card is issued by Mashreqbank PSC, pursuant to license by Visa. Visa is a registered trademark of Visa Inc. Nymcard Payment Services LLC is authorised by the Central Bank of The UAE, holding the Retail Payment Services and Card Schemes license in accordance with the Decretal Federal Law No. (14) of 2018 Regarding the Central Bank & Organization of Financial Institutions and Activities, and Regulatory Framework.

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