Direct Salary & 3rd Party Payments Capabilities

Tap customers can now receive their salary and third-party payments directly into their Tap account - further enhancing the Group's digital banking offering

Tap Global Group plc (AIM: TAP), an innovative digital finance hub that brings money payments and crypto settlement services together in a single user-friendly app, is pleased to announce the launch of inbound third-party payments. For the first time, customers can receive their salary and payments from third parties - including employers, clients, family and friends - directly into their Tap account.

Tap is rolling these capabilities out to all customers starting today for euro (EUR) payments received over the Single Euro Payments Area ("SEPA") network into dedicated Tap EUR accounts, each of which carries an individual IBAN. The equivalent capability for GBP payments via the UK Faster Payments network is expected to follow in due course.

Highlights

• Funds at source: customers can now have salaries and other third-party payments paid directly into their Tap account, removing the long-standing requirement to first receive funds into a separate, traditional high-street bank account and then transfer them across to Tap.
• Individual EUR IBANs: customers' Tap EUR accounts can receive SEPA credit transfers from any third party, including employer payroll.
• A step towards the primary financial relationship: by capturing the inflow of customer funds at source, the capability is designed to establish Tap as customers' primary financial account, deepening engagement across the Group's product suite - crypto trading, the Tap card and Tap Earn.

Removing the final barrier between everyday earnings and the digital asset economy

Historically, customers of crypto-native platforms have had to maintain a separate, traditional bank account to receive their salary, and then manually transfer funds across to spend, trade, hold or earn. That two-step journey introduced friction at every pay cycle, left the primary banking relationship with the incumbent bank, and - in a sector where some traditional banks restrict or scrutinise transfers to crypto platforms - could result in delayed or declined payments.

By enabling salaries and third-party payments to be received directly, Tap condenses that journey into a single step. Funds can now arrive in a customer's Tap account at source, ready to be held, spent on the Tap card, traded, or allocated to Tap Earn, without the need for an intermediary bank account.

The value of the primary financial relationship

Acting as a customer's primary account for income is one of the most valuable positions in consumer finance. It drives higher balances and assets held on platform, deeper engagement, and stronger customer lifetime value. The Board anticipates this to compound across the Group's products - as salaries and third-party funds build balances, those balances fuel trading activity, Tap card spend and participation in Tap Earn, each reinforcing the customer's reasons to keep their primary account with Tap and generating revenue for the Group.

The launch advances the Group's stated strategy to build the "FinTech Super App", bridging traditional fiat finance and the digital asset economy, and complements the recently launched Tap Earn product in building recurring, on-platform revenue that is less dependent on transactional trading volumes.

Arsen Torosian, Chief Executive Officer of Tap, commented:

"This is the feature that turns Tap from somewhere our customers move money into, to the account their money arrives in first. Until now, even our most engaged customers needed a traditional bank account to receive their salary and then had to push funds across to us. We are removing that friction.

"Receiving salaries and third-party payments directly is the single most important step in our journey from a specialised crypto application to a genuine everyday financial account, and ultimately a holistic digital banking alternative. Capturing the flow of funds at source deepens every other relationship we have with a customer - how they hold, spend, trade and earn - and we believe it will compound the value of the platform over time."