Company Information

Get to know Touch and Pay Technologies Ltd (YC W22)

Founded in 2019, Touch and Pay Technologies Ltd (also known as TAP) is a Nigerian financial technology company and a member of the Y Combinator Winter 2022 batch. The company's mission is to foster financial inclusion by digitizing cash-based micro-transactions across Africa. They provide an NFC-powered payment processing platform that enables users to make contactless payments for everyday services, most notably in the transportation sector, such as for the Lagos BRT bus system. Their solution includes NFC-enabled cards and wristbands, mobile applications, and payment terminals, creating a closed-loop ecosystem to facilitate seamless and secure offline payments.

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Financial PSP GatewayPRIMARY
Financial Other Service

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Touch and Pay Technologies Ltd (YC W22)

Nigeria

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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BVI FSC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.