TL;DR Summary
TapTap Send and CompareRemit announced a strategic partnership in May 2023, integrating TapTap Send's zero-fee transfers into CompareRemit's rate comparison platform for India, Pakistan, Philippines, Bangladesh, Sri Lanka, and Nepal corridors. By 2026, TapTap Send has expanded to 50+ countries, global remittances to low- and middle-income countries have reached $685 billion annually, and the immigrant community's access to competitive, transparent transfer options has never been more consequential. The partnership is a working example of how comparison platforms and specialist transfer providers can together reduce the information asymmetry that has historically allowed high-fee providers to persist.
The problem of discovery in international money transfers has not gone away. Even with dozens of competitive digital platforms available, the average immigrant still sends money through a provider they first used years ago — often a bank, or a brand name familiar from a corner agent location — rather than actively comparing rates. This behavioral inertia costs immigrant families billions of dollars annually in unnecessary fees and exchange rate markups. Partnerships like TapTap Send's integration with CompareRemit exist precisely to reduce this gap between what is available and what is actually used.
What Is TapTap Send
TapTap Send is a mobile-first international money transfer service founded in 2018 and publicly launched in 2019. Its mission is explicitly immigrant-centered: enabling cross-border transfers to 50+ countries across Africa, Asia, Latin America, and the Caribbean using a smartphone app, with no explicit transfer fees in most corridors. Revenue is generated through the exchange rate spread. TapTap Send's particular strength is instant delivery to mobile money wallets — highly relevant in markets across Sub-Saharan Africa and parts of South and Southeast Asia where mobile money infrastructure is strong. The company holds a Money Transmitter license from the New York Department of Financial Services and applicable licenses in other markets.
What Is CompareRemit
CompareRemit is a New York-based remittance comparison platform that aggregates real-time exchange rates, fees, transfer speeds, and customer ratings from dozens of international money transfer services across major corridors. Its primary value is helping immigrants find the combination of rate, speed, and reliability that best matches their specific transfer needs — comparing everything from specialist digital platforms to traditional bank wire services in a single interface. CompareRemit also produces news, regulatory commentary, and educational content on remittance trends, serving as both a tool and an authoritative resource for the immigrant financial community.
The Details of the Partnership
Announced in May 2023, the partnership integrates TapTap Send as a featured provider within CompareRemit's comparison ecosystem for transfers to India, Pakistan, Philippines, Bangladesh, Sri Lanka, and Nepal from the United States — six of the most important corridors for South and Southeast Asian diaspora communities. Users comparing providers on CompareRemit for these destinations see TapTap Send's rates and recipient amounts alongside those of other providers, with direct click-through to initiate transfers. This placement ensures that users with high transfer frequency and high sensitivity to fees are exposed to a zero-explicit-fee option they may not have previously considered.
Why This Partnership Matters for Immigrants in 2026
Global remittances to low- and middle-income countries reached $685 billion in 2024 — larger than both foreign direct investment and official development assistance combined. India alone received $135.4 billion in FY2025, Mexico $64.7 billion, Pakistan $38.3 billion, and the Philippines approximately $40 billion. In each of these corridors, the difference between the best and worst available rates can amount to hundreds of dollars per year for a regular sender. Ensuring immigrants have access to competitive options through trusted comparison platforms is not a marginal benefit — it is a meaningful redistribution of household income from fees back to families.
How TapTap Send's Business Model Works
TapTap Send offers zero explicit transfer fees. Revenue is generated through the exchange rate spread — the margin between the mid-market rate the company pays to convert currencies and the rate it offers customers. For customers, this means the relevant comparison metric is always the recipient amount — the bottom-line rupees, pesos, or naira delivered per dollar sent — not just the listed fee. A service with zero fees but a 1.5% exchange rate markup may deliver fewer rupees than a service with a $2 fee and a 0.3% markup on a $500 transfer. CompareRemit's comparison table makes this visible by showing recipient amounts directly, accounting for both fees and rate margins.
The Competitive Remittance Landscape in 2026
TapTap Send operates alongside Wise (dominant in transparent per-transaction pricing with mid-market rates), Remitly (strong in South Asia corridors with $1.635 billion in FY2025 revenue), Xoom/PayPal (strong brand recognition in the Indian-American community), and Western Union/MoneyGram (large agent networks for cash delivery). The 2026 landscape also increasingly includes crypto-based corridors: Bitso processed $8 billion in remittances in 2023, and the adoption of stablecoin-based transfer rails continues to grow, particularly in corridors where traditional banking infrastructure is thin.
TapTap Send's Funding and Growth Story
TapTap Send raised a $13.4 million Series A in June 2021, co-led by Canaan Partners and Reid Hoffman, followed by a $65 million Series B in December 2021 — bringing total funding to over $80 million. Notable backers include Spark Capital, Breyer Capital, and LinkedIn co-founder Reid Hoffman. The Series B enabled TapTap Send to more than double its team, expand into new corridors, and invest in compliance infrastructure. Since 2021, TapTap Send has expanded its corridor coverage and deepened mobile money integration across Africa and Asia.
Frequently Asked Questions
What is TapTap Send?
TapTap Send is a mobile money transfer app that allows immigrants to send money internationally with no explicit transfer fees to 50+ countries. Revenue is generated through the exchange rate spread.
What corridors does the TapTap Send-CompareRemit partnership cover?
The partnership covers transfers from the United States to India, Pakistan, Philippines, Bangladesh, Sri Lanka, and Nepal.
Does TapTap Send charge fees?
TapTap Send charges no explicit transfer fees in most corridors. Always compare the recipient amount — not just the listed fee — to understand the true cost.
How large is the global remittance market in 2026?
Global remittances to low- and middle-income countries reached $685 billion in 2024 — the most recent full-year figure — exceeding both FDI and official development assistance combined.
Is TapTap Send regulated?
Yes. TapTap Send is licensed as a Money Transmitter by the New York Department of Financial Services and holds applicable licenses in other markets where it operates.
