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Taptap send money transfer3/24/2024 ![]() ![]() We pride ourselves on hiring exceptional talent - our team members come from a wide variety of top-tier tech companies, professional services firms, and industry leaders, including Twitter, Yahoo, Uber, Amazon, McKinsey, Bain & Co, Deloitte, KPMG, Cravath, and Vodafone. Taptap Send is a venture-backed start-up with investors including Reid Hoffman, the Omidyar Network, and Helios. In doing so, we are working on making the UN Sustainable Development Goal of bringing cross-border remittance costs down by 2030 a reality today. We're helping people to send that money quickly and securely at a fraction of the cost. But the market is dominated by traditional services that are expensive, can take days to arrive, and have limited reach in rural areas. Global remittances account for over $500 billion annually, most of which moves back into developing countries. Congo, Pakistan, Nepal, Ethiopia, Nigeria, Mozambique, Cambodia, Haiti, Tunisia, Uganda, Lebanon, Colombia, Guatemala, Philippines, Egypt, Mexico, India, Turkey and Zimbabwe with more countries launching soon. We’re live in the UK, EU, US, Canada and UAE, and we support payments into Senegal, Mali, Guinea, Ghana, Cameroon, the Ivory Coast, Kenya, Madagascar, Zambia, Bangladesh, Vietnam, DR Congo, Morocco, Sri Lanka, Rep. ![]() Since launching in summer 2018, we’ve already moved billions of dollars and reached hundreds of thousands of customers. You can read more about safeguarding on the FCA Website, which provides helpful information on the different types of financial institutions and how they are required to protect your money.Taptap Send is an app that lets people send money back home to Africa, Asia, and the Caribbean quickly and at very low prices. In any event, we almost always pay your recipient before we actually debit your payment card, so it’s quite rare that we end up holding onto your money! In the very unlikely event that Taptap Send stops providing its services, any of your funds that are held in this bank account would be returned to you. This way, your money is only ever used to send funds to your recipient, and not for any other purposes. This means that if we hold your funds whilst we’re processing your transfer, we hold them in a special, separate bank account that is protected by law. But don’t worry - we protect your funds through a process known as safeguarding. If a bank goes bust, customers can claim up to £85k of the money they are owed by the bank through the FSCS.Īs an EMI, the FSCS doesn’t apply to our customers. This is important to know because EMIs and banks protect your money in different ways.īanks protect your money through something known as the Financial Services Compensation Scheme (FSCS). In the UK, for example, we’re an electronic money institution (EMI) regulated by the Financial Conduct Authority (FCA), not a bank. Keeping your money safe is our top priority, and we wanted to remind you of how we do this. Yes! Taptap Send is regulated and authorised to conduct money transmission in multiple countries around the world, uses state-of-the-art encryption technology to protect your payments and data in line with GDPR requirements and is fully PCI compliant. ![]()
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