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Best prepaid cashback card – Sav

The Rise Of Prepaid Cards: A Smarter Way To Save And Spend In The UAE

Best prepaid cashback card - Sav, Blog / By

The Rise Of Prepaid Cards: A Smarter Way To Save And Spend In The UAE Say goodbye to debt and unexpected fees! As cashless payments take over, prepaid cards are quickly becoming the go-to option for UAE residents seeking security, convenience, and flexibility. The prepaid card market is a dynamic and rapidly evolving landscape within the payments and financial services industry. Why are prepaid cards gaining popularity in the UAE? According to the UAE Prepaid Card and Digital Wallet Business and Investment Opportunities Databook, the prepaid card market in the UAE has increased at a CAGR of 9.2% from 2019 to 2023. The market is further expected to record a CAGR of 12.3%, increasing from US $5.66 billion in 2023 to reach US $10.30 billion by 2028. A few factors that have bolstered the growth of prepaid cards and digital wallets in the Emirates include: UAE’s advanced technological infrastructure, Thriving e-commerce industry and a booming fintech market, and Digital savvy population with a high smartphone penetration. The UAE’s diverse population and its status as a global travel and business hub address the demand for diverse prepaid travel cards. Why does the Sav Card stand out? Safe and secure – One of the primary reasons why the Sav Card is becoming a suitable payment option is the added layer of security it offers. Prepaid cards offer the utility of traditional debit or credit cards without the commitment of linking your account. This ensures your funds are safe. Since you can only use the amount loaded onto the card, it also becomes easier to track each Dirham spent. Stay free of a debt trap – Prepaid cards, like the Sav Card, enable you to enjoy financial freedom without the hassle of hidden charges, interest rates or debt worries. These cards are accessible to everyone, irrespective of their financial background. Use the Sav Card card both locally and internationally at over 80 million merchants without any minimum balance requirements. Mitigates overspending – Prepaid cards are a viable alternative that is easy to use and reload. Cards like Sav offer an AI-based money management platform to track your personal spending to the nearest Dirham and help you budget. Cashback and rewards – With a prepaid card like Sav, enjoy rewards or cashback on every purchase you make. Maximise your savings and enjoy perks like two ATM withdrawals a month. Enjoy lucrative cashback offers with Sav and save more using Amazon.ae or Noon Gift Cards. Gifting requirements – Virtual prepaid gift cards are sent to the recipient via email or text message. They can be delivered almost immediately, making them a great option for last-minute gifting. Senders can customise the gift card based on the special occasion, and receivers can use it to purchase a product of their liking. Hence, it is a win-win situation for both.    Seamless integration into digital wallets – Technological advancements play a significant role in shaping the prepaid market. Integration with digital wallets such as Apple, Google, and Samsung, or any e-commerce platform further expands the usability of prepaid cards. The Sav Card is more than just a prepaid card. It can help you become financially independent and achieve your long-term goals. It is available on iPhone and Android as a user-friendly platform to help you secure your financial future. FAQs 1. What is Sav? Sav is a money-management app, allowing you to stick to your money goals, plan for the future, and spend confidently in the present.Your Sav card helps you meet your goals – just connect your bank account, top up your Sav card, choose goals you would like to set aside money for, and apply rules that automatically allocate funds toward your goals. The money set aside for your goals is safe. It is always available on your prepaid card and held with our partner financial institutions licensed by the CB UAE.You can use your Sav card to get additional rewards and cashbacks while spending. Check out our offer page to find the latest deals and promotions. 2. Is Sav a bank? No, ‘Sav Technologies Limited’ is a technology company registered in the Dubai International Financial Centre, Dubai, UAE, with registration number # 5474. Through our banking partnership with Mashreq Bank, VISA and NymCard, we provide VISA prepaid cards. 3. Does Sav issue bank accounts? No, Sav does not issue any bank accounts. Instead, Sav offers prepaid Visa cards issued by our partner bank, Mashreq Bank PSC, pursuant to their license from Visa. The money in your savings goals is always held with our partner bank in your individual Sav Card.  4. How is my Mashreq account different to the Sav account? At Sav, we do not issue any bank account. It’s a prepaid Visa card. Share article Instagram Linkedin Facebook-square Twitter-square

Why Sav Is The Best Cashback Card For UAE Residents

Best prepaid cashback card - Sav, Blog, Travel Offers and Experiences / By

Why Sav Card Is The Best Cashback Card For UAE Residents Imagine getting rewarded through vouchers or a small refund on every purchase you make! That is what cashback cards are about. As the name suggests, these cards have gained popularity among consumers owing to their rewarding nature. This attractive incentive makes cashback cards a preferred choice for customers who shop both online and offline. According to the 2023 Financial Services Consumer Survey by Global Data, cards remain the most preferred payment tool for e-commerce purchases in the UAE, accounting for 40.8% of online purchases in 2023.  Cashback cards are an alternative to traditional debit cards. If you are wondering which cashback card is the best, Sav card is the answer. It is known for its simplicity and rewards, making it the top choice in the UAE. It has gained momentum among UAE residents as the best expense-tracking card to enhance your financial management and spending experience.   Here’s why you will love Sav card: Sav card caters to the unique financial needs of UAE citizens, becoming the best option: Global acceptance – Sav card is accepted in the UAE and internationally across 80 million+ merchants worldwide. So, whether you purchase at local shops or online, you can use this reliable card anywhere and anytime. No minimum balance – Many cashback cards charge a monthly maintenance fee, not Sav’s card. You can add funds to your card and manage your finances comfortably. Digital wallet integration – Sav card can be seamlessly integrated into your favourite digital wallets, including Samsung Wallet, Apple Wallet, and Google Wallet. This ensures contactless and quick payments wherever you go, enhancing your day-to-day transactions. Point of Sale (POS) usages – Whether buying groceries, shopping for clothes or paying for fuel, enjoy convenient and effortless payments with Sav card at any POS terminal.  Free and instant peer-to-peer money transfers – Want to split bills with friends, help a family member in need, or just transfer funds easily? You can do all this and more with Sav’s other standout feature, which enables you to transfer money instantly.  Free ATM withdrawals – With 2 free ATM withdrawals a month, you can access cash whenever you need it without any fees.  Full control over the card – With just a few clicks, you can adjust your spending limit, change your PIN, and freeze your card.  Why should you opt for Sav? Trusted by over 50,000 UAE residents, Sav has proven itself as a trusted financial tool for residents across the UAE. You should choose Sav because- The KYC process is entirely paperless and seamless. All you need is your Emirates ID to get started; Sav is committed to developing products and services that enhance user experience and benefit the consumers; The Sav app gives you a bird’s eye view of your finances, enabling you to track your monthly spending minutely; Sav grants cashback on every spend, which will be credited to your account on the 10th of the following month.  With Sav’s AI-powered money management platform, you can run your money on autopilot mode. Leverage automation to maximise the value of your everyday purchases, plan all your expenses and reach your financial goals faster.    FAQs 1. What is Sav? Sav is a money-management app, allowing you to stick to your money goals, plan for the future, and spend confidently in the present.Your Sav card helps you meet your goals – just connect your bank account, top up your Sav card, choose goals you would like to set aside money for, and apply rules that automatically allocate funds toward your goals. The money set aside for your goals is safe. It is always available on your prepaid card and held with our partner financial institutions licensed by the CB UAE.You can use your Sav card to get additional rewards and cashbacks while spending. Check out our offer page to find the latest deals and promotions. 2. Is Sav a bank? No, ‘Sav Technologies Limited’ is a technology company registered in the Dubai International Financial Centre, Dubai, UAE, with registration number # 5474. Through our banking partnership with Mashreq Bank, VISA and NymCard, we provide VISA prepaid cards. 3. Does Sav issue bank accounts? No, Sav does not issue any bank accounts. Instead, Sav offers prepaid Visa cards issued by our partner bank, Mashreq Bank PSC, pursuant to their license from Visa. The money in your savings goals is always held with our partner bank in your individual Sav Card.  4. How is my Mashreq account different to the Sav account? At Sav, we do not issue any bank account. It’s a prepaid Visa card. Share article Instagram Linkedin Facebook-square Twitter-square

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