Tap Payments Secures Electronic Payment Service Provider License from the Central Bank of Kuwait
Reinforcing our leadership position in MENA Fintech.
Kuwait City, 31st of March, 2024 – Tap Payments proudly announces the attainment of the Electronic Payment Service Provider License from the Central Bank of Kuwait.
This is a significant milestone underscoring the company’s position as a premier electronic payment services provider in the region, in alignment with the latest business regulations issued by the Central Bank of Kuwait regarding major Electronic Payment Service Providers (EPSP), released in May 2023. This achievement highlights Tap Payments’ steadfast commitment to compliance, innovation, and excellence in financial technology.
In line with its strategic development, Tap Payments is proud to announce its Board of Directors, led by Ahmed Al Munayes as Chairman, Kuwait, with Faisal Alharoun as Vice Chairman and Managing Director, Kuwait. The board also includes members Ali Abulhasan, Ahmed AlWazzan, Walid AlSager, Badr Al-Ghanim, and Abdulilah AlMadan.
Ali Abulhasan, Group CEO of Tap Payments, expressed his appreciation for the collaborative efforts that led to securing the license:
Ahmed Al Munayes, Chairman of Kuwait, echoed Ali Abulhasan’s sentiments, emphasizing the significance of Tap Payments’ license in advancing Kuwait’s financial technology landscape:
Faisal Alharoun, Vice Chairman and CEO of Kuwait, emphasized Tap Payments’ dedication to delivering state-of-the-art financial products:
With a strong presence serving over 100,000 businesses across nine markets including the GCC, Egypt, Jordan, and Lebanon, Tap Payments is positioned to drive innovation and expansion in the fintech sector.
Media Coverage:
Explore some of the local media coverage in Kuwait:
About Tap Payments:
Tap Payments is revolutionizing online payments across the MENA region by connecting businesses with simple, unified payment experiences. Today, Tap powers over a hundred thousand businesses of all sizes across all industries and is growing at an extraordinary pace. Since our arrival, we’ve helped small and medium businesses across MENA accept payments within days with billing and operational capabilities that rival the region’s largest corporations. Tap’s technology products are built for businesses from the region by people from the region, who understand the realities of our markets, businesses, and customers.
