Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Sav Launches its Beta Program in the UAE
 
Sav Launches its Beta Program in the UAE
August 15th, 2022 - Dubai: The household savings rates in the GCC region registered alarmingly low percentages in the previous years. This situation is pressing governments to intensify efforts and advance strategies towards a brighter future for household savings. GCC residents benefit from very low to no taxes yet remain challenged to save enough money due to rapid consumption.
 
Sav has emanated from an in-depth understanding of the GCC financial landscape, a concern about the future repercussions in case the situation persists, and a clear mission to be the drivers of change in the scene.
 
Sav has marked a memorable milestone by launching its beta program on August 3rd, 2022. It represents a significant moment for the UAE to witness the rise of the country's first woman-led, savings-focused fintech company.
 
Geared with first-class technology and backed with the craftsmanship of some of the finest ex-bankers, ex-fintech-founders, and technology evangelists, Sav is here to re-design the money-saving culture. Its mission is powerful and modern-times-relevant: to make savings accessible, convenient, rewarding, and fun. 
Sav is a user-friendly and highly automated platform with a fun component to it. It helps customers save money while being rewarded for it. Initially, it allows for creating different saving goals (e.g., buying a house, a car, going on a vacation, etc.) and having funds added to them via an automated funding system according to three main saving options:
 
● Income Sorter: 
A pre-set percentage is automatically deducted from the customer's paycheck and incorporated into one of the saving goals.
● Automated Funding option:
Every time a customer spends an amount on a purchase, the automated system rounds up the bill and redirects the difference into a respective savings goal.
● Set and forget:
Customers can set up a day and time where a predetermined amount regularly goes into a specific saving goal.
The most exciting part of Sav is the hidden reward gems. For every dirham saved on the platform, customers receive one coin. Coins can later be used to redeem offers like free coffee, a free movie night, a discount on one of their favorite merchants, etc. Sav app gives access to more than a hundred merchants until today. 
 
The virtues of Sav are not yet over. Customers are granted a Sav prepaid card and benefit from a peer-to-peer money transfer option from and to another Sav account. 
 
For the curious public, Sav offers a waitlist to join as they look forward to the official application launch.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 2009 times
PR Category : Banking & Investments
Posted on : Monday, August 15, 2022  3:18:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Plaeto makes its Global Foray with its Entry into the UAE Ma...
Next Story : UAE Research Program for Rain Enhancement Science Visits 4th...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Take A Deep Dive Into Bernhard H. Mayer's Latest Watch, the Wave Breaker [10685-Views]
Arab Achievements In The New Guinness World Records 2023 Book Revealed [7384-Views]
Gold Price Hits a Two Year Low: Best Time to Invest in Gold [6023-Views]
Codebreakers Wanted! Unlock The Bremont Vault [5719-Views]
Time On Mars [5691-Views]
Pandora Reveals First Ever Art Collaboration With Keith Haring X Pandora [5564-Views]
Kalyan Silks' 6th Showroom in UAE Inaugurated in Sharjah by Prithviraj Sukumaran [4895-Views]
Mexico and Costa Rica Explore Cooperation in Culture and Knowledge Sectors With Sharjah [4600-Views]
Charles Simon Disrupts Watch Industry With Innovative Accessories. [4506-Views]
Fyne Jewellery Re-launches The Stargazing Collection [4432-Views]
Samsung Electronics Announces New Environmental Strategy [4202-Views]
Team Abu Dhabi Star Tops Qualifying With Dramatic Late Surge [4157-Views]
Start-Up of Unit 3 of Barakah Nuclear Energy Plant Accelerates Achievement of UAE Net Zero... [4116-Views]
Torrente Keeps Grip On Title Race As Zandbergen Claims Maiden Victory In Italy [4010-Views]
Tanishq Takes “Every Woman A Diamond” Global [3928-Views]
The Opulent Furniture Brand Brings a Lifestyle Worth Living To Dubai [3887-Views]
Weekend Max Mara – “FROM LILY WITH LOVE” [3698-Views]
Department Of Government Relations Brings The Prestigious Alliance Française To Sharjah [3694-Views]
GJC Felicitates Malabar Gold & Diamonds [3637-Views]
BOCA Partners with Goshopia to Create Sustainable Uniforms for its Guest Relations team [3428-Views]
Free Gourmet Coffee For The First 25 Diners At Le Gourmet On 1st Oct [3251-Views]
ADQ and OIA Identify AED 30 Billion Worth of Investment Opportunities in Oman [3136-Views]
Mohammed Bin Rashid Library The “towards An Active Role For Public Libraries In Community ... [3009-Views]
Department Of Statistics And Community Development Launches Sharjah Census 2022 Reminding ... [3005-Views]
Ons Jabeur And Emma Raducanu Confirmed For Mubadala World Tennis Championship [2895-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories