Business
Direct Salary & 3rd Party Payments Capabilities
Tap Global Group plc has launched inbound third-party payment capabilities, allowing customers to receive salaries and other payments directly into their Tap accounts, eliminating the need for an intermediary bank account. This feature is initially available for euro payments via SEPA into dedicated Tap EUR accounts with individual IBANs, with GBP payments through UK Faster Payments expected later. The company anticipates this will establish Tap as customers' primary financial account, deepening engagement with its crypto trading, Tap card, and Tap Earn products, and driving higher balances and customer lifetime value. Disclaimer*
About this update from Tap Global Plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE UK MARKET ABUSE REGULATION. UPON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS DEEMED TO BE IN THE PUBLIC DOMAIN. 26 June 2026 Tap Global Group plc ("Tap", the "Company" or the "Group") Direct Salary & 3rd Party Payments Capabilities Tap customers can now receive their salary and third-party payments directly into their Tap account - further enhancing the Group's digital banking offering Tap Global Group plc (AIM: TAP), an innovative digital finance hub that brings money payments and crypto settlement services together in a single user-friendly app, is pleased to announce the launch of inbound third-party payments. For the first time, customers can receive their salary and payments from third parties - including employers, clients, family and friends - directly into their Tap account. Tap is rolling these capabilities out to all customers starting today for euro (EUR) payments received over the Single Euro Payments Area ("SEPA") network into dedicated Tap EUR accounts, each of which carries an individual IBAN. The equivalent capability for GBP payments via the UK Faster Payments network is expected to follow in due course. Highlights · Funds at source: customers can now have salaries and other third-party payments paid directly into their Tap account, removing the long-standing requirement to first receive funds into a separate, traditional high-street bank account and then transfer them across to Tap. · Individual EUR IBANs: customers' Tap EUR accounts can receive SEPA credit transfers from any third party, including employer payroll. · A step towards the primary financial relationship: by capturing the inflow of customer funds at source, the capability is designed to establish Tap as customers' primary financial account, deepening engagement across the Group's product suite - crypto trading, the Tap card and Tap Earn. Removing the final barrier between everyday earnings and the digital asset economy Historically, customers of crypto-native platforms have had to maintain a separate, traditional bank account to receive their salary, and then manually transfer funds across to spend, trade, hold or earn. That two-step journey introduced friction at every pay cycle, l...