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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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