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Fintech & Payments Crypto & Digital Assets Tap Global

Tap Global launches direct salary deposits into crypto-fiat app accounts

Tap Global Group has enabled customers to receive salaries and third-party payments directly into their Tap accounts via SEPA, removing the need for an intermediary bank account.

by tickstock newsroom
The image features a series of cryptocurrency logos displayed against a shimmering, golden background. The logos represent various digital currency platforms, highlighting the trend of virtual currencies in the financial sector. — Credit: Photo by CoinWire Japan on Unsplash c Photo by CoinWire Japan on Unsplash

Tap Global Group (LSE:TAP), an AIM-listed digital finance platform combining fiat payments and crypto settlement in a single app, has launched inbound third-party payment capabilities, allowing customers to receive salaries and payments from employers, clients and family directly into their Tap accounts for the first time.

The rollout begins immediately for euro payments over the Single Euro Payments Area (SEPA) network, with each customer account carrying an individual IBAN to receive credit transfers including employer payroll.

GBP payments via the UK Faster Payments network are expected to follow, though no timetable was given.

The move is designed to position Tap as a customer's primary financial account, capturing income at source rather than requiring a separate high-street bank account as a staging post.

The company says the capability is intended to deepen engagement across its broader product suite, with salary balances feeding through to crypto trading, Tap card spending and its recently launched Tap Earn product.

"This is the feature that turns Tap from somewhere our customers move money into, to the account their money arrives in first," said Chief Executive Arsen Torosian, adding that capturing funds at source "will compound the value of the platform over time."

by tickstock newsroom

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