About

Taptap Send facilitates mobile money transfers across borders, primarily targeting individuals in the UK, EU, US, Canada, and UAE who wish to send money to family and friends in Africa, Asia, the Caribbean, and Latin America. Users can complete transactions easily by providing the recipient's name and mobile number, allowing funds to be deposited instantly into the recipient's mobile money wallet. This process eliminates the need for physical visits to money transfer agents and significantly reduces waiting times for recipients. Taptap Send operates in the remittance market, generating revenue through transaction fees and favorable exchange rates, making it a cost-effective alternative to traditional money transfer services. The company's goal is to provide a fast, secure, and affordable way to send money internationally, using technology to simplify the transfer process.

Simplify's Take

What believers are saying

• Increased digital wallet adoption in Africa boosts Taptap Send's potential user base.
• Partnership with CompareRemit expands Taptap Send's reach and service offerings.
• Diaspora remittances' importance in GDP growth offers market share opportunities for Taptap Send.

What critics are saying

• Regulatory scrutiny, like in Ghana, could lead to suspensions or fines for Taptap Send.
• Cryptocurrency-based remittance services pose a disruptive threat to Taptap Send's model.
• Fluctuating exchange rates can impact Taptap Send's profitability and competitive pricing.

What makes Taptap Send unique

• Taptap Send offers instant deposits into mobile wallets, enhancing user convenience.
• The platform requires only the recipient's name and mobile number for transactions.
• Taptap Send's competitive rates make it a cost-effective alternative to traditional services.

Help us improve and share your feedback! Did you find this helpful?

YesNo