Acquisition of TransactPay Finalized by Marqeta Announcement
Marqeta Strengthens European Presence with Acquisition of TransactPay
In a significant move aimed at expanding its reach in the European market, American fintech company Marqeta has completed the acquisition of TransactPay, a BIN Sponsorship provider licensed as an E-Money Institution (EMI) in the UK and the European Economic Area.
According to Marcin Glogowski, SVP Managing Director, Europe and UK CEO of Marqeta, the acquisition will enable existing Marqeta customers to expand more easily into European markets, thereby strengthening Marqeta's card program management capabilities in Europe. The combined capabilities of Marqeta and TransactPay will offer enhanced digital payments capabilities for customers in the UK and EU.
The acquisition was previously announced in February 2025. The combined entities will provide card program management features in the UK and EU, thereby avoiding the added complexity of engaging multiple partners. This will facilitate easier expansion into European markets for existing Marqeta customers.
Aaron Carpenter, CEO of TransactPay, expressed pride in continuing as a trusted partner to Marqeta and combining capabilities to help customers accelerate growth and bring new digital payments offerings to market more efficiently. He also emphasized the importance of delivering innovative solutions that their customers are seeking and looks forward to growing and scaling TransactPay's technology with Marqeta across Europe.
The regulatory compliance and licensing provided by TransactPay, as a licensed EMI, allows Marqeta to operate directly within these regulated markets. This licensing, along with the streamlined card program management offered by the merged entity, will reduce operational and regulatory complexity associated with working across multiple providers.
Marqeta's processing volumes in Europe have more than doubled year-over-year, and this acquisition aligns with its global strategy to increase embedded finance solutions by deepening its European presence. Both sets of customers retain dedicated production and support teams alongside established relationships with regional banks, payment networks, and regulators, ensuring service continuity as card programs scale.
Overall, the acquisition positions Marqeta as a more comprehensive provider for embedded finance and card issuance across the UK and EU, offering enhanced digital payment capabilities that meet evolving regulatory and market needs in the region.
- This acquisition by Marqeta of TransactPay will boost the company's presence in European business, allowing existing customers to expand more easily into European markets and strengthening their capabilities in Europe's finance sector.
- The combined entities of Marqeta and TransactPay, with their enhanced digital payments technology, will offer innovative solutions in the UK and EU, simplifying expansion for clients and meeting the evolving needs of the European market.
