Marqeta finalizes the acquisition of TransactPay
Marqeta and TransactPay Join Forces to Revolutionize Digital Payments in Europe
In a strategic move aimed at addressing the growing demand for embedded finance across Europe, Marqeta, a leading modern card issuing platform, has successfully completed the acquisition of TransactPay, a BIN Sponsorship provider licensed as an E-Money Institution (EMI) in the UK and European Economic Area.
Marcin Glogowski, SVP Managing Director, Europe and UK CEO of Marqeta, expressed his enthusiasm about the combined capabilities of the two companies, stating that they help address critical payment needs in the evolving global landscape. Aaron Carpenter, CEO of TransactPay, shares the sentiment, looking forward to growing and scaling TransactPay's technology with Marqeta across Europe, delivering innovative solutions that customers are seeking.
The combined capabilities and benefits of the acquisition centre on significantly enhanced card program management, digital payments, and market expansion throughout the UK and EU. By integrating TransactPay's licensed e-money institution status and BIN sponsorship in the UK and EEA with Marqeta’s modern card issuing platform, customers gain a seamless and simplified solution to launch and scale card programs.
The acquisition strengthens digital payment offerings with robust support for prepaid, virtual, and embedded finance cards in these regions, facilitating innovation and compliance amidst evolving regulations. Existing Marqeta customers can now expand into the UK and European markets more easily, leveraging TransactPay’s regulatory licenses and strong relationships with strategic banks, networks, and regulators.
The acquisition reduces the complexity of managing programs across diverse regulatory environments by centralizing compliance and banking partnerships under one umbrella, facilitating faster time-to-market and operational efficiency. Customers from both companies maintain established relationships and receive ongoing strategic support during and after integration, preserving business continuity.
Aaron Carpenter, CEO of TransactPay, 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. The acquisition positions Marqeta to meet the growing embedded finance demand in Europe, with processing volumes reportedly more than doubling year-over-year and a clear commitment to European and UK markets as part of its global growth strategy.
Overall, the acquisition creates a comprehensive, scalable, and compliant card issuing and digital payments platform for innovative businesses aiming to grow across the UK and EU with fewer hurdles and greater confidence. The growth of Marqeta's business in Europe continues to be significant, with total processing volume more than doubling year-over-year as a result of the acquisition. This strategic move demonstrates Marqeta's commitment to the European and UK markets as part of its overall global strategy.
References:
[1] Marqeta. (2025). Marqeta Acquires TransactPay to Expand Presence in Europe. [Press Release]
[2] Finextra. (2025). Marqeta Acquires TransactPay to Strengthen European Operations. [News Article]
[3] Payments Cards and Mobile. (2025). Marqeta Acquires TransactPay for Streamlined Card Program Management. [News Article]
[4] Banking Technology. (2025). Marqeta Acquires TransactPay for Smoother Market Expansion in UK and EU. [News Article]
- The acquisition of TransactPay by Marqeta, a leading modern card issuing platform, is set to drive innovation in the field of embedded finance and technology, enhancing business operations within the European market.
- With TransactPay's technology now integrated with Marqeta's platform, the combined entity aims to deliver advanced digital payment solutions that cater to the evolving needs of businesses in the European business and finance sector.
