Regulatory Counsel

Taptap Send launches money transfer service. Thu, 08 Oct 2026 Taptap Send, a leading cross-border payments platform, officially launched its money transfer services in Bahrain yesterday during Fintech Forward 2026 at Exhibition World Bahrain. The expansion follows the company's receipt of a Payment Service Provider licence from the Central Bank of Bahrain (CBB), marking Bahrain as Taptap Send's second GCC market after the UAE. The platform enables users across more than 35 countries to transfer money to recipients in over 90 destination markets. "Bahrain has built a strong reputation for financial innovation, supported by the Central Bank of Bahrain's forward-looking regulatory approach," said Michael Faye, chief executive and co-founder of Taptap Send. "Securing this licence reflects our commitment to Bahrain's financial services ecosystem as we continue our regional expansion." Dalal Buhejji, executive director of business development for financial services at the Bahrain Economic Development Board (Bahrain EDB), welcomed the move, noting that Taptap Send's entry will support the continued evolution of cross-border payments and strengthen the kingdom's fintech sector. The launch builds on Taptap Send's recent regulatory approvals from the Central Bank of the UAE, where it secured Stored Value Facilities, Retail Payment Services (Category II), and Exchange Business (Category IV) licences to bolster its footprint across the Gulf.

UBL, Neem complete sandbox testing. PAKISTAN: United Bank, in partnership with Taptap Send UK, and Neem Exponential Financial Services have successfully completed testing under the State Bank of Pakistan (SBP)'s first Regulatory Sandbox cohort, covering technology-enabled inward remittances and open banking, respectively. Successful completion does not constitute regulatory approval, however - participants are still required to secure the necessary SBP authorization before commercially launching the products or services tested in the sandbox, the apex bank said. Subscriber-only content Sign in with an active subscription, or choose the access level that suits you. * Full access to IFN subscriber articles and analysis * Exclusive reports, interviews, podcasts and market intelligence * Return directly to this article after signing in Companies mentioned * Friday, 18 September 2026

GoTyme Bank launches raffle to fly overseas Filipinos home for the holidays. September 16, 2026 In partnership with Cebu Pacific and TapTap Send, GoTyme Bank is giving customers the chance to win round-trip flights and cash prizes by sending or receiving international remittances through the GoTyme Bank app. VIA GRAPHIC PLUS - For millions of Filipinos, sending money home is more than a financial transaction - it is a love language that keeps families connected across oceans. GoTyme Bank today officially launched its "It's Tyme to Be Together" campaign, an initiative designed to make those connections stronger by offering overseas Filipinos and their loved ones a chance to reunite in person for the holidays. Flying families home for the holidays To celebrate its comprehensive inward and outward international remittance services, GoTyme Bank is hosting a special homecoming raffle to fly winners back to the Philippines. Through this raffle, GoTyme Bank is making the everyday act of sending and receiving money across borders even more meaningful. Five grand prize winners will receive round-trip economy flights for themselves and a companion, along with additional prizes designed to make their homecoming even more special. Strategic partnerships with Cebu Pacific and TapTap Send The promo is made possible through strategic partnerships with Cebu Pacific, the campaign's official airline partner, and TapTap Send, a leading global remittance provider. Together, the brands are working to deliver a complete, seamless homecoming journey for Filipinos worldwide. "Banking should do more than just move money - it should bring people closer to the things and the people that matter most," said Nate Clarke, president and CEO of GoTyme Bank. "For Filipinos abroad, every remittance carries hard work, sacrifice, and love. Through our secure and transparent remittance services, and with the support of our partners at Cebu Pacific and TapTap Send, we are thrilled to offer our customers not just a better way to send money, but a real opportunity to come home and hold their loved ones close this season." "Home is where Filipinos want to be during the holidays, and at Cebu Pacific, we are proud to play a part in bringing them there," said Michelle Eve De Guzman, Marketing Director of Cebu Pacific. "Whether they are coming from Hong Kong, Singapore, Japan, Taiwan, UAE, or Saudi Arabia, we are committed to flying more Filipinos closer to their families and loved ones. Through our partnership with GoTyme Bank, we hope to make more homecomings possible and remind every Juan that no matter how far they go, there is always a flight that can bring them home." A simpler way to send, receive, and use international funds GoTyme Bank makes it easier for customers to send and receive money internationally, with both services available through the GoTyme Bank app. Customers sending money abroad can initiate transfers through the app anytime, with the fees, exchange rate, estimated arrival time, and expected amount the recipient will receive shown upfront before they confirm the transaction, giving them greater visibility and control. Through GoTyme Bank's Send Money Abroad service, customers can send money to more than 200 countries and territories in eight currencies: AUD, CNY, EUR, GBP, JPY, KRW, SGD, and USD. For Filipinos receiving money from abroad, funds can be sent directly to their GoTyme Bank account through an international bank via SWIFT, supported remittance partners such as TapTap Send, or participating Visa partners. GoTyme Bank's SWIFT transfers are powered by Wise. There is no need to visit a branch or pick up cash. Once received, funds can be saved, spent, used to pay bills, or transferred, all through the same GoTyme Bank account. This gives customers a more convenient way to manage money across borders, from sending and receiving funds to using them, all within one account. Raffle mechanics and timeline The "It's Tyme to Be Together" raffle promo runs from September 16 to November 30, 2026. GoTyme Bank customers must opt-in and then will automatically earn one raffle entry for every qualifying international remittance of at least P5,000 sent or received directly through the GoTyme Bank app. By offering transparent fees, competitive rates, and a complete suite of financial services in a single app, GoTyme Bank continues to eliminate the hassle of traditional branch visits for remittance senders and receivers alike. Started in 1927, the Philippines Graphic is the longest-running printed magazine of national circulation that provides relevant news and features and promotes Philippine literature.