Marqeta successfully finalizes the purchase of TransactPay
Marqeta Acquires TransactPay to Bolster Digital Payments Capabilities in Europe
In a strategic move to expand its footprint across Europe, Marqeta, Inc. has announced the acquisition of TransactPay, a BIN Sponsorship provider licensed as an E-Money Institution in the UK and the European Economic Area.
The combined entities aim to deliver innovative solutions that cater to the growing demand for digital payments, while avoiding the added complexity associated with engaging multiple partners.
The acquisition significantly strengthens Marqeta's card program management capabilities across Europe and the UK by integrating TransactPay’s licensed E-Money Institution status and BIN sponsorship services into Marqeta’s platform. This integration offers customers a unified, streamlined solution for managing card programs, simplifying operations and enabling smoother expansion into European markets.
According to Marcin Glogowski, Marqeta's SVP Managing Director, Europe and UK CEO, the combined capabilities of TransactPay and Marqeta help address critical payment needs in the evolving global landscape. Existing customers of both companies can now expand more easily into European markets.
The acquisition furthers this growth and demonstrates Marqeta's commitment to the European and UK markets, as part of its overall global strategy. The relationships maintained by both companies will support card program scale throughout the region.
TransactPay's CEO, Aaron Carpenter, expressed pride in continuing as a trusted partner to Marqeta, combining their capabilities to help customers accelerate growth and bring new digital payments offerings to market more efficiently.
Key impacts of the acquisition include enhanced compliance and regulatory coverage, simplified card program management, accelerated customer growth, and the continuation of strategic banking and regulatory relationships.
With the combined capabilities, customers can take advantage of card program management features in the UK and EU. Both Marqeta and TransactPay customers will continue to have dedicated customer and production support.
Overall, the acquisition marks a strategic enhancement of Marqeta’s embedded finance and card issuing platform in Europe, positioning it as a more comprehensive, reliable partner for businesses aiming to grow their card programs with regulatory confidence and operational efficiency throughout the region.
[1] Marqeta Press Release, "Marqeta Acquires TransactPay to Strengthen Card Program Management Capabilities in Europe," [Link to Press Release] [2] TransactPay Press Release, "Marqeta Completes Acquisition of TransactPay," [Link to Press Release] [3] UK Financial Conduct Authority, "TransactPay Limited," [Link to FCA Register] [4] European Central Bank, "European Economic Area," [Link to ECB Website] [5] European Banking Authority, "E-Money Institution," [Link to EBA Website]
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