How the Partnership Enhances User Experience
Tap Global Group plc, the AIM-listed digital finance platform serving 400,000 users, has appointed Moorwand Ltd as the issuer and Bank Identification Number sponsor for a new TapMastercard programme. The announcement, made on October 13, 2026, extends an existing partnership that currently supports the e-money accounts within the Tap app. This development enables users to spend directly from their app balances in multiple currencies using a branded Mastercard.
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What Benefits Does This Bring to Tap Global’s 400,000 Users?
By integrating Moorwand’s issuing license with Tap Global’s app-based e-money accounts, the collaboration allows for real-time currency conversion and instant card funding. This eliminates the need for third-party wallets or external bank links when spending abroad. The TapMastercard will be linked directly to users’ app balances, ensuring transactions are deducted in the selected currency at competitive exchange rates. Moorwand’s role as BIN sponsor ensures the card operates within the Mastercard network, providing global acceptance and security standards.
The new programme offers users greater convenience and control over their international spending. Instead of managing multiple accounts or relying on traditional bank cards with high foreign transaction fees, users can now spend in local currencies using funds already held in their Tap wallet. This reduces friction during travel and online purchases from overseas merchants. The feature also supports financial inclusion by providing access to multi-currency tools without requiring a traditional bank account.
What currencies will the TapMastercard support? The card will support major global currencies including USD, EUR, GBP, and others available within the Tap app’s multi-currency wallet, allowing users to switch and spend in real time based on their balance.
Frequently Asked Questions
Is there a fee for issuing or using the TapMastercard? Tap Global has not announced issuance or monthly fees for the card; however, standard foreign exchange margins may apply when converting currencies within the app, consistent with current pricing for e-money transactions.
How secure is the TapMastercard for international use? The card operates under Moorwand’s licensing and adheres to Mastercard’s security protocols, including EMV chip technology and 3D Secure authentication for online transactions, ensuring protection against fraud and unauthorized use.
