Marqeta Completes Acquisition of TransactPay to Strengthen European Presence.

Marqeta has completed its acquisition of TransactPay, a BIN Sponsorship provider licensed as an E-Money Institution in the UK and EU. The acquisition strengthens Marqeta's card program management capabilities in Europe, allowing customers to expand into European markets and avoid added complexity. The combined capabilities will enable customers to take advantage of card program management features in the UK and EU while maintaining dedicated customer support and strategic relationships.

Title: Marqeta Completes Acquisition of TransactPay, Bolstering European Card Program Management Capabilities

OAKLAND, Calif. — Marqeta, Inc. (NASDAQ: MQ), a global modern card issuing platform, has successfully completed its acquisition of TransactPay, a BIN Sponsorship provider licensed as an E-Money Institution (EMI) in the UK and European Economic Area. This strategic move aims to strengthen Marqeta’s card program management capabilities in Europe, thereby enabling customers to expand into European markets more easily and avoid the complexity associated with engaging multiple partners.

The acquisition, announced earlier this year, will allow Marqeta to leverage TransactPay’s expertise in BIN sponsorship and card issuance to offer enhanced services in the UK and EU. By combining their capabilities, customers will benefit from streamlined card program management features, dedicated customer support, and strategic bank, network, and regulatory relationships, supporting card program scale throughout the region.

Marcin Glogowski, SVP Managing Director and UK CEO of Marqeta, commented on the significance of the acquisition, stating, “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. 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.”

Aaron Carpenter, CEO of TransactPay, expressed pride in continuing as a trusted partner to Marqeta, noting, “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. We look forward to continuing to grow and scale our technology with Marqeta across Europe, delivering the innovative solutions that our customers are seeking.”

Marqeta’s platform enables companies to build and embed financial services into their branded experience, unlocking new ways to grow their business and delight users. With compliance and security built-in, the platform has been proven at scale, processing nearly $300 billion in annual payments volume in 2024. Marqeta is certified to operate in more than 40 countries worldwide.

References
[1] https://www.stocktitan.net/news/MQ/marqeta-announces-completion-of-transact-pay-399xrwxujqsa.html
[2] https://www.stocktitan.net/news/MQ/marqeta-reports-second-quarter-2025-financial-msde4wy5o04j.html