REG - Tap Global Group PLC - Digital Banking Partnership with Moorwand

Tap GlobalAnnouncement

06/10/2025 07:00

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RNS Number : 1682C  Tap Global Group PLC  06 October 2025

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6 October 2025

 

Tap Global Group plc

("Tap" or the "Company")

 

Digital Banking Partnership with Moorwand

 

Latest development elevates Tap's product to a versatile financial account
capable of serving everyday banking needs

 

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 a landmark strategic partnership
with Moorwand, a UK FCA regulated Electronic Money Institution (EMI). Through
this partnership, Tap will integrate Moorwand's comprehensive
Banking-as-a-Service (BaaS) platform to provide customers with dedicated GBP
accounts, complete with Sort Codes and Account Numbers, and EUR accounts with
individual IBANs.

 

The Company regards this development as a foundational pillar in Tap's stated
strategy to build the ultimate "FinTech Super App," seamlessly bridging the
gap between traditional fiat financial systems and the digital asset economy.

 

Immediate Platform Enhancements

 

The integration with Moorwand's robust payment infrastructure directly
addresses a primary point of friction for users by removing the dependency on
external bank accounts for funding. The strategic value of these new
capabilities is significant:

 

·    Dedicated IBANs and account numbers: Users will soon be able to
receive payments from friends and family and fund their account without
needing an external bank. Strategically, this transforms Tap into a primary
financial account, increasing user "stickiness" and assets under management.

·    Enhanced Payment Rails (Faster Payments/Single Euro Payments Area):
Users will experience faster, more reliable deposits and withdrawals,
improving trust and usability. This reduces user friction, increases
transaction volume, and enhances overall platform reliability.

 

Future Vision: Unlocking the Primary Financial Relationship

 

This partnership lays the critical groundwork for the next phase in Tap's
product roadmap: unlocking direct third-party payments. This highly
anticipated feature, set to be rolled out in stages to select users soon
before a full platform-wide launch, will empower users to receive salary and
other payments directly into their Tap account.

 

This development will position Tap as one of the first UK-based, crypto-native
fintechs to break down the final barrier between daily earnings and the
digital asset economy. This capability is designed to fundamentally capture
the flow of user funds at their source, positioning Tap as the primary
financial account for a new generation of users. The powerful flywheel effect
this creates is expected to drive a virtuous cycle of increased assets on the
platform, deeper user engagement across the entire product suite, and enhanced
customer loyalty.

 

Arsen Torosian, CEO of Tap, commented:

 

"This move fundamentally elevates the Tap product from a specialised
crypto-led application to a versatile financial account, capable of serving a
user's everyday banking needs - accelerating the journey towards becoming a
holistic digital banking alternative.

 

"The Moorwand partnership provides the regulated, scalable infrastructure
essential for our next phase of growth and serves as a launchpad for our most
transformative feature yet: direct salary deposits. We are not just
participating in the future of finance; we are actively building it on a
foundation of innovation and regulatory integrity, creating a platform with
the potential for scale that is robust, secure, and trusted."

 

Luc Gueriane, CEO of Moorwand, commented:

 

"Moorwand's mission is to transform compliance into an enabler of innovation,
and our partnership with Tap is a perfect embodiment of that vision. We are
providing the critical, regulated payment infrastructure that allows
pioneering companies like Tap to build the next generation of financial
services, merging the worlds of payments and digital currencies in a compliant
and secure manner.

 

"We have been impressed by Tap's clear strategic vision and their commitment
to building a user-centric platform that adheres to the highest regulatory
standards. We are excited to partner with them as they redefine the
relationship between traditional finance and digital assets, and we look
forward to supporting their continued growth and innovation.

 

"Tap has always stood out to me as business with a clear strategic vision, a
depth of knowledge and a commitment to building a customer centric platform
valued by its users. Moorwand is excited to be partnering with such an
innovative partner who shares or mission to bring solutions to legitimate real
world points of friction based on well understood use cases in the market,
notably here focussed on redefining the relationship between traditional
finance and digital assets."

 

Enquiries:

 

 Tap Global Group plc

 Arsen Torosian, Chief Executive Officer                  via Vigo Consulting
 SPARK Advisory Partners Limited (AIM Nominated Adviser)  +44 (0)20 3368 3555

 Andrew Emmott

 Angus Campbell
 Tennyson Securities (Broker)                             +44 (0)20 7186 9030

 Peter Krens

 Alan Howard
 Vigo Consulting (Investor Relations)                     +44 (0)20 7390 0230

 Ben Simons                                               tapglobal@vigoconsulting.com

 Peter Jacob

Amelia Thorn

 

Investor website:

investor.tap.global (https://investor.tap.global/)

 

About Tap Global Group plc

 

Tap Global Group plc bridges the gap between traditional finance and
blockchain technology. It offers over 390,000 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 50 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 Group's operating subsidiaries

 

Tap Global Limited serves the European customer base and 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.

 

Tap Americas LLC serves the US customer base and is a limited liability
company organised under the laws of the state of Florida. Cryptocurrency
services are provided by Zero Hash, a Chicago-based B2B2C crypto
infrastructure platform.

 

Follow us on social media:

 

LinkedIn: https://www.linkedin.com/company/tapglobal/
(https://www.linkedin.com/company/tapglobal/)

X: https://x.com/TapGlobalPlc (https://x.com/TapGlobalPlc)

 

About Moorwand

Moorwand is a London-based financial services provider offering digital
banking and issuing services. As an FCA-regulated Electronic Money Institution
(EMI), Moorwand provides a comprehensive Banking-as-a-Service (BaaS) platform
that enables fintechs and payment companies to build and launch innovative
financial products with a clear and compliant route to market.(3) Moorwand's
solutions include IBAN and account issuance, access to payment schemes like
Faster Payments and SEPA, and robust compliance and regulatory oversight,
empowering its clients to transform the future of payments.

 

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