We’re proud to announce that Marqeta has successfully finalized our acquisition of TransactPay, an E-Money Institution and BIN Sponsor, enhancing our card program management capabilities in Europe. This strategic move, initially announced in February 2025, will bolster digital payment capabilities for our customers in the UK and European Economic Area, where TransactPay operates as a licensed E-Money Institution. The acquisition will also enable existing customers to expand more easily into European markets.
Here’s what this news means for our customers:
- Business Expansion Support: We're positioned to offer more solutions and move at a faster pace, helping our customers stay competitive in the market and expand into new European markets more efficiently.
- Regulatory Expertise: With the TransactPay acquisition, we’re better equipped to navigate the complex regulatory environment in Europe with compliance in mind, enabling our customers to focus on their core business.
- Streamlined Program Management: With this acquisition, we're enabling full card program management capabilities in Europe, eliminating the complexity of managing multiple partners. Marqeta and TransactPay customers will continue to have dedicated customer and production support, as well as strategic bank, network, and regulatory relationships, supporting card program scale throughout the region.
“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,” said Marcin Glogowski, SVP Managing Director, Europe and UK CEO, Marqeta. “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.”
“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,” said Aaron Carpenter, CEO of TransactPay. “We look forward to continuing to grow and scale our technology with Marqeta across Europe, delivering the innovative solutions that our customers are seeking.”
