Marqeta, a global leader in modern card issuing, has completed its acquisition of TransactPay. TransactPay is a licensed E-Money Institution (EMI) and a key BIN Sponsorship provider in the UK and European Economic Area.
This strategic move, initially announced in February 2025, is a significant step for Marqeta in strengthening its card program management capabilities throughout Europe.
The acquisition will enhance Marqeta’s digital payment offerings for its customers and simplify the expansion process for existing clients looking to enter the European market.
The integration of TransactPay’s services with Marqeta’s platform is set to benefit a wide range of customers. By combining their capabilities, the companies will provide a seamless, unified solution for card program management in the UK and EU. This will allow customers to avoid the complexities that often come with managing multiple partners, streamlining their operations and fostering more efficient growth.
Both Marqeta and TransactPay customers will continue to receive dedicated support and maintain their relationships with strategic banks, networks, and regulatory bodies. This continuity is vital for ensuring that card programs can scale effectively across the region. The combined platform is designed to offer a robust and reliable foundation for businesses looking to innovate and expand their financial services.
Ultimately, this acquisition marks a new chapter for Marqeta in Europe. By bringing TransactPay’s expertise and licensing under its umbrella, Marqeta is better positioned to meet the growing demand for embedded finance solutions. The company is now equipped to offer a more comprehensive and streamlined service, enabling its customers to launch and manage card programs with greater ease and confidence throughout the UK and EU.
KEY QUOTES:
“In today’s evolving global landscape, from regulatory modifications to rapid economic policy changes, the ability to deliver innovative payments products and scale quickly while staying compliant with requirements across Europe is critical. With the combined capabilities of TransactPay and Marqeta, we’re helping our customers address these fundamental payment needs. Our business in Europe continues to grow, with total processing volume more than doubling year-over-year. This acquisition furthers this growth and demonstrates our commitment to the European and UK markets as part of our overall global strategy.”
Marcin Glogowski, SVP Managing Director, Europe and UK CEO, Marqeta
“We are proud to continue as a trusted partner to Marqeta, combining our capabilities to help our customers accelerate growth and bring new digital payments offerings to market more efficiently. We look forward to continuing to grow and scale our technology with Marqeta across Europe, delivering the innovative solutions that our customers are seeking.”
Aaron Carpenter, CEO of TransactPay
