Marqeta finalizes acquisition of TransactPay, marking a significant development in the financial technology sector.
Marqeta Strengthens European Digital Payments with TransactPay Acquisition
Marqeta, a leading card issuing platform, has completed the acquisition of TransactPay, a BIN Sponsorship provider licensed as an E-Money Institution in the UK and European Economic Area. This move significantly enhances Marqeta's digital payments capabilities in the region.
The acquisition strengthens Marqeta's card program management services, providing a robust platform for digital payments and facilitating easier market entry for its clients. With TransactPay's bank identification number sponsorship services, Marqeta can now offer more comprehensive card program management capabilities in the UK and EU.
The acquisition simplifies payment processes for Marqeta's clients, enabling them to streamline their payment services and expand more efficiently into the European markets. This reduces the complexity of engaging multiple partners, leading to smoother expansion.
The combined capabilities of Marqeta and TransactPay will enhance digital payments for customers in the UK and EU. This includes the ability to issue prepaid and virtual cards, which are essential for digital payment systems in these regions.
The acquisition demonstrates Marqeta's commitment to the European and UK markets, supporting its global strategy amidst strong growth in the region. Marqeta's European business has seen a significant increase in total processing volume year-over-year.
Existing customers of Marqeta and TransactPay can now expand more easily into European markets. The strategic relationships with banks, networks, and regulators of both Marqeta and TransactPay will support card program scale throughout the region.
Aaron Carpenter, CEO of TransactPay, expressed pride in continuing as a trusted partner to Marqeta. He believes that combining their capabilities will help customers accelerate growth and bring new digital payments offerings to market more efficiently.
Both Marqeta and TransactPay customers will continue to have dedicated customer and production support. The companies look forward to growing and scaling their technology across Europe, delivering innovative solutions sought by their customers.
The acquisition was previously announced in February 2025, but no specific details about the terms of the acquisition were provided in this article.
- The strategic partnership between Marqeta and TransactPay, driven by the acquisition, offers a superior platform for business operations in the digital finance sector, particularly in the UK and EU, where technology plays a significant role in payment solutions.
- Leveraging TransactPay's technology-driven bank identification number sponsorship services, Marqeta can now provide its clients with more advanced features for card program management, such as the ability to issue prepaid and virtual cards, ensuring seamless transactions in the European markets.
