Tap Payments has obtained a license from the Central Bank of the UAE to offer commercial payment services, enhancing its footprint in the region’s expanding fintech sector.
The UAE’s digital payments market is projected to grow significantly, with transaction values expected to reach $80.37 billion by 2025 and surpass $134.84 billion by 2029, reflecting a compound annual growth rate of 13.8%.
Ali Abulhasan, Co-Founder and CEO of Tap Payments, stated that the license is a pivotal achievement in the company’s efforts to unify and simplify digital payments across the region.
