Tap Global Group, the digital finance platform combining fiat payments and crypto services, has unveiled a strategic partnership with tell.money. The collaboration will involve integrating tell.money’s open banking gateway into the Tap Group platform.
The integration aims to provide Tap Global with PSD2-compliant infrastructure, which the company identified as a necessary component for offering a full payment account experience for its users’ fiat currency balances. Open banking frameworks enable consumers to share financial data securely between banks and third-party providers with their consent.
Tap Group described the development as a key element of its strategy to build a regulated bridge between traditional finance and blockchain technology. The company says that by integrating this open banking architecture, it can expand its product offering for its registered user base, which numbers over 390,000 individuals and businesses.
Foundational infrastructure for product expansion
The company also views this integration as a foundational step to support a future suite of advanced financial services, enabling more personalised offerings through better connectivity with traditional financial institutions.
Arsen Torosian, CEO of Tap Group, said: “This represents a pivotal step in Tap’s ambition to become the ultimate FinTech ‘Super App’. We have always focused on doing the hard work first, building a fully regulated and profitable business. This partnership goes beyond the integration of a new feature on our platform; we are installing the foundational banking infrastructure that will unlock a new tier of financial services for our 390,000+ registered users.”
Torosian also added: “By integrating tell.money’s robust, PSD2-compliant technology, we are enhancing our regulatory architecture and delivering a top-tier open banking experience for our customers. This is a fundamental building block that strengthens our platform and provides the launchpad for future product innovation, moving us decisively closer to offering a complete, all-in-one financial solution.”
David Monty, CEO of tell.money, also commented on the partnership: “We are thrilled to partner with Tap Group, a company that is clearly at the forefront of financial innovation. Tap’s regulation-first approach and its vision for bridging the crypto and fiat worlds make it the ideal partner for us. Our mission is to make it simple for forward-thinking companies like Tap Group to meet their regulatory obligations and build competitive, secure products.”
Monty concluded: “By leveraging our solution, Tap is demonstrating a clear commitment to compliance and innovation. We are proud to welcome them into the open banking ecosystem and look forward to supporting their growth as they continue to build the next generation of financial services.”
The post Tap Global Partners With tell.money to Integrate Open Banking Gateway appeared first on The Fintech Times.
