Tap Global Group has unveiled a landmark partnership with Moorwand, a UK FCA-regulated Electronic Money Institution (EMI), in a move that brings the firm closer to its goal of becoming a comprehensive digital banking hub.
The collaboration integrates Moorwand’s Banking-as-a-Service (BaaS) platform into Tap’s app, enabling users to open GBP and EUR accounts with dedicated Sort Codes, Account Numbers, and individual IBANs.
The partnership marks a pivotal step in Tap’s vision to create the ultimate “FinTech Super App,” merging the capabilities of traditional finance with the fast-evolving digital asset ecosystem.
By adopting Moorwand’s payment infrastructure, Tap addresses one of the key frictions for digital asset users—the reliance on external bank accounts for funding. The integration introduces new capabilities such as dedicated IBANs and account numbers, which allow users to receive payments directly and fund their Tap accounts without intermediaries.
Additionally, enhanced payment rails through Faster Payments and the Single Euro Payments Area (SEPA) will deliver faster and more reliable deposits and withdrawals. The streamlined functionality aims to improve trust, usability, and transaction volumes across the Tap ecosystem, ultimately strengthening its reputation as a dependable digital finance platform.
The next phase of Tap’s growth strategy will see the introduction of direct third-party payments, including salary deposits, further transforming Tap into a complete financial services provider. This feature, which will be rolled out in stages to select users before a full launch, represents a major step towards embedding Tap at the centre of users’ financial lives.
Tap CEO Arsen Torosian said, “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.”
Moorwand CEO Luc Gueriane said, “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.”
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