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Is YAP a bank?

YAP is a digital banking application, not a bank. RAKBANK provides our banking services. YAP provides users with a revolutionary and technologically innovative way to send, spend and manage their money through an online banking account via mobile app. YAP brings intelligent payment solutions to users under the BIN sponsorship of RAKBANK. BIN stands for a bank identification number, which refers to the first four to six numbers that appear on your YAP card.

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