Tap Global Appoints Moorwand to Issue New Multi-Currency Mastercard
Tap Global has appointed Moorwand to issue a new multi-currency Mastercard for its platform, which boasts 400,000 users. This partnership will enable customers to spend directly from their app balances in multiple currencies, with revenue generated from card interchange and foreign exchange services.
The offering aims to enhance the customer experience by allowing seamless cross-border transactions and providing a convenient way to manage multiple currencies within the Tap Global app. The move is part of Tap Global's goal to expand its financial services and provide added value to its user base.
Key takeaways
- ▸Tap Global has 400,000 users on its platform.
- ▸The new Mastercard will support multi-currency spending directly from app balances.
- ▸Revenue for Tap Global will come from card interchange and foreign exchange services.
- ▸Moorwand will issue the new card as part of their collaboration with Tap Global.
Why this matters
This partnership positions Tap Global to capitalize on the growing demand for multi-currency payment solutions among consumers who engage in cross-border transactions. By leveraging Moorwand’s issuing capabilities, Tap Global can offer enhanced services that cater to a global user base, potentially driving user growth and engagement, while also optimizing revenue through interchange and FX fees.
Entities
Related stories
- 1.