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Humm Group (ASX:HUM) - CEO, Rebecca James - The Market Herald
CEO, Rebecca James
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  • Australian fintech company humm group (HUM) has partnered with Mastercard to launch humm//TAPP
  • The humm//TAPP digital card enables shoppers to use their digital wallet to make a purchase at any Australian stores that offer humm
  • TAPP offers merchants significantly reduced costs, resources and time needed for current buy now, pay later integration
  • To use it, humm users load TAPP into their digital wallet and then pay with tap and go like usual
  • humm is up a slight 0.99 per cent on the market with shares trading at $1.02

Australian fintech company humm group (HUM) has partnered with Mastercard to launch humm//TAPP.

The humm//TAPP digital card enables shoppers to use their digital wallet to make a purchase at any Australian stores that offer humm.

"Mastercard is delighted to partner with humm to continue to drive seamless and secure digital payment experiences for consumers and merchants alike," Division President, Australiasia Richard Wormald said.

"TAPP is a great example of how Mastercard powered solutions can enable merchants to offer their customers a secure, frictionless and instant buy now, pay later (BNPL) solution to improve the way they do business and save their customers time," he added.

TAPP offers merchants significantly reduced costs, resources and time needed for current BNPL integration.

To use it, humm users load TAPP into their digital wallet and then pay with tap and go like usual.

"TAPP removes the need for merchants and humm to invest tens-of-thousands of dollars and several months integrating into inshore point of sale systems," humm CEO Rebecca James commented.

"With immediate access to transacting humm customers, TAPP makes it easier and more attractive for merchants to include humm as an inshore payment option," she added.

humm is up a slight 0.99 per cent on the market with shares trading at $1.02 at 11:53 am AEST.

HUM by the numbers
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