Direct Salary & 3rd Party Payments Capabilities
Summary by AI BETAClose X
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, left the primary banking relationship with the incumbent bank, and - in a sector where some traditional banks restrict or scrutinise transfers to crypto platforms - could result in delayed or declined payments.
By enabling salaries and third-party payments to be received directly, Tap condenses that journey into a single step. Funds can now arrive in a customer's Tap account at source, ready to be held, spent on the Tap card, traded, or allocated to Tap Earn, without the need for an intermediary bank account.
The value of the primary financial relationship
Acting as a customer's primary account for income is one of the most valuable positions in consumer finance. It drives higher balances and assets held on platform, deeper engagement, and stronger customer lifetime value. The Board anticipates this to compound across the Group's products - as salaries and third-party funds build balances, those balances fuel trading activity, Tap card spend and participation in Tap Earn, each reinforcing the customer's reasons to keep their primary account with Tap and generating revenue for the Group.
The launch advances the Group's stated strategy to build the "FinTech Super App", bridging traditional fiat finance and the digital asset economy, and complements the recently launched Tap Earn product in building recurring, on-platform revenue that is less dependent on transactional trading volumes.
Arsen Torosian, Chief Executive Officer of Tap, commented:
"This is the feature that turns Tap from somewhere our customers move money into, to the account their money arrives in first. Until now, even our most engaged customers needed a traditional bank account to receive their salary and then had to push funds across to us. We are removing that friction.
"Receiving salaries and third-party payments directly is the single most important step in our journey from a specialised crypto application to a genuine everyday financial account, and ultimately a holistic digital banking alternative. Capturing the flow of funds at source deepens every other relationship we have with a customer - how they hold, spend, trade and earn - and we believe it will compound the value of the platform over time."
Enquiries:
|
Tap Global Group plc Arsen Torosian, Chief Executive Officer |
via Vigo Consulting |
|
SPARK Advisory Partners Limited (AIM Nominated Adviser) Andrew Emmott / Angus Campbell |
+44 (0)20 3368 3555 |
|
Cavendish Capital Markets (Joint Broker) Adrian Hadden / George Lawson (Corporate Finance) Dale Bellis / Jason Trill (Sales & Corporate Broking) |
+44 (0)20 7220 0500 |
|
AlbR Capital (Joint Broker) Gavin Burnell / Jon Belliss / Colin Rowbury |
+44 (0)20 7469 0930 |
|
Vigo Consulting (Investor Relations) Ben Simons / Amelia Thorn / Georgina Moul tapglobal@vigoconsulting.com |
+44 (0)20 7390 0230 |
Investor website: investor.tap.global
About Tap Global Group plc
Tap Global Group plc bridges the gap between traditional finance and blockchain technology. It offers over 400,000 registered individual and business customers an innovative and fully integrated fiat payments and cryptocurrency settlement service including access to several major cryptocurrency exchanges. Through the Tap app, customers can trade over 70 cryptocurrencies and store them directly in their customer wallet, while benefiting from proprietary AI middleware for real-time best-execution and pricing.
Tap Group's European business, Tap Global Limited, was the first cryptocurrency FinTech company to be approved by Mastercard in Europe. Through the Tap card, European users can convert their cryptocurrencies to fiat and spend at more than 37 million merchant locations worldwide. Tap Global Limited is registered in Gibraltar and licensed and regulated by the Gibraltar Financial Services Commission under the DLT with licence No. 25532. Tap's Bulgarian subsidiary has been granted a VASP registration by the National Revenue Agency of Bulgaria in order to qualify for the EU MiCA regulations grandfathering provisions.
Forward-Looking Statements
This announcement contains forward-looking statements, including (without limitation) statements regarding the roll-out, scope and timing of the inbound third-party and salary payments capability (including the expected extension to GBP payments), customer adoption, the anticipated impact on balances, assets on platform, engagement and customer lifetime value, and the Group's broader strategy. Forward-looking statements are subject to known and unknown risks and uncertainties, and actual outcomes may differ materially from those expressed or implied. Forward-looking statements speak only as at the date of this announcement and the Company undertakes no obligation to update them, save as required by applicable law or regulation. Nothing in this announcement should be construed as a profit forecast.
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