Regional Expansion Tap Payments has obtained a Retail Payment Services License from the Central Bank of the UAE, completing regulatory approvals across the GCC, positioning it strongly for further regional expansion and tapping into the growing Middle Eastern e-commerce market.
Strategic Partnerships Recent collaborations with MoneyHash and Mastercard demonstrate Tap Payments’ commitment to innovative, secure payment solutions, presenting opportunities to cross-sell integrated payment orchestration and advanced ecommerce services to existing clients.
Technology Integration The integration with popular accounting platforms like Xero indicates a focus on streamlining business operations, opening avenues to expand into other SaaS integrations and enterprise solutions for broader market appeal.
Market Positioning With a revenue range of 25 to 50 million USD and serving over 100,000 businesses, Tap Payments is well-positioned to target mid-sized companies seeking robust regional payment solutions, especially as digital payments become more prevalent across MENA.
Growth Potential As competitors like Checkout.com and Stripe compete globally, Tap Payments can leverage its regional licenses, strategic alliances, and local presence to expand its market share through targeted outreach to businesses seeking localized and secure payment services.