• Tap Payments has received a payment services licence from the Central Bank of the UAE, enhancing its operational capabilities in the rapidly growing digital payments sector. This licence allows Tap Payments to provide commercial payment services, positioning the company to capitalize on the UAE's burgeoning fintech landscape, which is projected to reach a transaction value of approximately $80.37 billion by 2025, growing at a compound annual growth rate of 13.8% through 2029.

• The UAE's digital payments market is experiencing significant growth, with the Central Bank's endorsement of Tap Payments indicating a supportive regulatory environment for fintech companies. This development aligns with broader industry trends, as other fintech firms, such as Network International, report strong revenue growth, underscoring the resilience and potential of the sector. The approval also places Tap Payments in a competitive position against other licensed providers, enhancing its market presence.