Taptap Send has secured three licences from the Central Bank of the United Arab Emirates (CBUAE), significantly expanding its digital payments and financial services operations in the country.

The company is among the first financial technology firms to receive all three regulatory approvals: the Stored Value Facilities licence, the Retail Payment Services licence (Category II), and the Exchange Business licence (Category IV).

Expanding Financial Services in the UAE

The new licences allow Taptap Send to move beyond international money transfers by offering a broader suite of financial services in the UAE.

Customers will now be able to access local and cross-border payments, digital wallets and payment cards through a single platform, creating a more comprehensive financial ecosystem tailored to expatriate communities.

Strengthening Cross-Border Payments

Taptap Send is already one of the world's largest cross-border payments platforms, processing billions of dollars in international transfers each year.

The company currently connects customers across more than 35 countries with recipients in over 80 markets, making international remittances faster and more accessible.

The UAE's large expatriate population and growing digital payments ecosystem make it a strategic market for the company's expansion.

Supporting Financial Inclusion

Chief Executive Officer and Co-Founder Michael Faye described the UAE as an ideal market for the company's mission, citing its diverse population and strong focus on financial innovation.

He said the new licences reflect the Central Bank of the UAE's confidence in the company and will enable Taptap Send to deliver a wider range of secure and accessible financial services to residents across the country.