UAE-based consumer fintech Sav has signed an exclusive five-year partnership with Visa to make it the fintech platform’s card network partner across the UAE and Saudi Arabia.

The deal aims to accelerate Sav’s product innovation and customer acquisition as it plans to expand into credit and multi-currency offerings.

Under the agreement, Sav’s entire portfolio of cards will become Visa-powered.

The integration will provide users with global acceptance across Visa’s merchant network, access to Visa’s Benefits Program, and cashback on domestic and international spending.

Users can top up their Sav cards instantly from existing bank accounts. The platform includes spending controls, real-time transaction monitoring, and the ability to freeze or unfreeze cards instantly.

“Through our partnership with Visa, we are combining global acceptance with meaningful everyday rewards, while continuing to build an intelligent financial platform that helps users spend, save and grow their wealth more effectively,”

said Purvi Munot, Co-founder and CEO of Sav.

Munot added that the company plans to introduce a credit card offering in the future, pending regulatory approvals.

“Consumers across the region are increasingly seeking secure, seamless and digitally enabled payment experiences,”

said Salima Gutieva, Vice President and Country Manager for Visa in the UAE.

“By combining Visa’s global network, innovation capabilities and trusted security with Sav’s customer-centric approach, we look forward to supporting the next phase of growth.”

The collaboration supports Sav’s planned product roadmap. The company is building a platform that integrates spending, saving, investing, and physical gold ownership.

Future product launches are expected to include multi-currency cards, extending Sav’s platform for globally mobile consumers.

Featured image credit: Edited by Fintech News UAE, based on image by Sav