Tap Global Group, a Gibraltar-based digital finance hub that combines money payments and cryptocurrency settlement services in a single app, has announced a strategic partnership with Moorwand, a UK Financial Conduct Authority (FCA)-regulated Electronic Money Institution (EMI).
Under this agreement, Tap will integrate Moorwand’s Banking-as-a-Service (BaaS) platform to offer customers dedicated GBP accounts with Sort Codes and Account Numbers, as well as EUR accounts with individual IBANs.
The partnership forms a key part of Tap’s strategy to develop what it describes as a “Fintech Super App,” bridging traditional financial systems with the digital asset economy.
The integration of Moorwand’s payment infrastructure aims to remove a key friction point for users by reducing reliance on external bank accounts for funding.
Customers will be able to receive payments directly from others and top up their Tap accounts without using separate banking platforms.
This development is expected to strengthen Tap’s position as a primary financial account provider, enhancing user retention and overall assets under management.
The collaboration will also enable faster and more reliable deposits and withdrawals through support for the UK’s Faster Payments system and the Single Euro Payments Area (SEPA).
These improvements are designed to enhance the overall user experience by increasing transaction efficiency, reducing delays, and improving platform reliability.
Looking ahead, Tap intends to build on this foundation by introducing direct third-party payments, allowing users to receive salaries and other regular payments straight into their Tap accounts.
This feature, which will be introduced gradually before a full launch, aims to position Tap as one of the first UK-based crypto-native fintech companies to integrate everyday earnings directly with digital asset functionality.
Arsen Torosian, CEO of Tap, said:
“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, added:
“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.”
Featured image credit: Edited by Fintech News Switzerland, based on image by nasimabegumbari1968 via Freepik
The post Tap to Offer GBP and EUR Accounts Through Moorwand Partnership appeared first on Fintech Schweiz Digital Finance News - FintechNewsCH.
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