Regional Expansion Tap Payments' recent acquisition of the Retail Payment Services License from the Central Bank of the UAE indicates a strong push towards expanding their presence across the GCC region, presenting opportunities to onboard financial institutions and payment processors seeking regulatory compliance and regional licensing support.
Strategic Partnerships The collaboration with Mastercard for the launch of Click to Pay and Payment Passkey demonstrates Tap Payments' focus on innovative, secure eCommerce solutions, opening avenues to engage with other global payment giants and merchants looking for seamless and secure payment integrations.
Market Growth With over 100,000 businesses powered and revenue between 25 to 50 million dollars, Tap Payments is well-positioned to attract mid-sized companies and startups in the region seeking reliable and unified payment solutions, especially those expanding their online commerce capabilities.
Technology Integration The company's integration with popular tools like Xero and its use of cloud infrastructure such as Google Cloud suggest a tech-savvy approach, presenting opportunities to offer complementary services like custom integrations, API solutions, or advanced payment analytics to their network.
Competitive Positioning Compared to larger players like Checkout.com and Stripe, Tap Payments' strategic regional focus and regulatory approvals provide a competitive edge for financial institutions and tech providers seeking localized and compliant payment solutions for the MENA market.