mobile money transfers Taptap Send UK Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Taptap Send UK is focused on mobile money transfers. The company offers mobile transfers, mobile wallets to natural persons. In 2022 Taptap Send UK Limited had total assets of 78.71 mln USD, and generated net income of -3,341,469.00 USD. During 2022 the company had 71 employees in average.
13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Taptap Send UK Limited is assigned the overall rating 2.82 (average) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Narrow | (1.54) |
| Market Niche | Narrow | (1.73) |
| Company Background | Strong | (4.16) |
| Customer Support | Poor | (1.92) |
| Customer Sentiment | Excellent | (4.68) |
| Transparency | Low | (2.53) |
| Overall Rating | Average | (2.82) |
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TheBanks.eu has also identified the following pros and cons of the company:
Taptap Send UK is neither registered with the Financial Conduct Authority (FCA) as a crypro asset firm, nor offers any crypto assets services.
From January 2020, firms carrying out specific cryptoasset activities in the United Kingdom need to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and to register with the FCA.
Taptap Send UK Limited is not registered with the FCA as a crypro asset firm.
Taptap Send UK do not offer crypto assets services.
| USD | 2021 | 2022 | change (%) |
|---|---|---|---|
| Total Assets | 36,401,727.00 | 78,709,277.00 | +116.22% |
| Revenue | 19,525,245.00 | 20,623,435.00 | +5.62% |
| Gross Profit | 13,331,966.00 | 15,095,663.00 | +13.23% |
| Net Income | 2,321,488.00 | -3,341,469.00 |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 44 (-4) |  CashFlows Europe Limited | 0.22 % | 71.39 mln GBP (+8.41%) |
| 45 (+15) | Taptap Send UK Limited | 0.20 % | 78.71 mln USD (+116.22%) |
| 46 (-3) |  PaySend Plc | 0.20 % | 64.72 mln GBP (+14.83%) |
United KingdomTaptap Send UK Limited is authorized by the Financial Conduct Authority as a e-money institution (reference number 900842) for issuance of electronic money, distribution and redemption of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator; the authorization was granted on 12 March 2018.
Taptap Send UK Limited is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Taptap Send UK is required to safeguard its customers’ money.
Since January 2021, Taptap Send UK Limited can not conduct its activities in EEA member states.
25 City Road Epworth House Shoreditch, EC1Y 1AA, London, United Kingdom
+44 8081687707English
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
