Card issuing platform Marqeta has finalized its acquisition of TransactPay, a BIN sponsorship provider licensed as an E-Money Institution in the UK and European Economic Area, strengthening its European payment capabilities.
The deal, initially announced in February 2025, enhances Marqeta's card program management infrastructure across Europe and enables the company to better serve customers in the UK and EU while helping existing clients expand more efficiently into European markets.
With the combined capabilities, customers can now access comprehensive card program management features in the UK and EU without the complexity of coordinating multiple partners. Both Marqeta and TransactPay customers will continue receiving dedicated support, along with strategic bank, network, and regulatory relationships that facilitate card program scaling throughout the region.
Marcin Glogowski, Marqeta's SVP Managing Director for Europe and UK CEO, emphasized the importance of the acquisition in today's rapidly evolving regulatory and economic landscape. He noted that the ability to deliver innovative payment products while maintaining compliance across Europe is critical, and the combined capabilities address these fundamental needs.
Marqeta's European business has been growing rapidly, with total processing volume more than doubling year-over-year. The acquisition furthers this growth trajectory and demonstrates the company's commitment to European and UK markets as part of its global strategy.
Aaron Carpenter, TransactPay's CEO, expressed pride in continuing as a trusted partner to Marqeta. He said the combined organization will help customers accelerate growth and bring new digital payment offerings to market more efficiently, delivering the innovative solutions customers are seeking.
The integration positions Marqeta to offer full card program management capabilities in Europe, eliminating the need for clients to engage multiple partners. This streamlined approach reduces complexity while maintaining the strategic relationships necessary for successful card program operations.
TransactPay's E-Money Institution license allows it to issue e-money and provide payment services across the UK and EEA, regulatory permissions that now enhance Marqeta's European platform. The acquisition aligns with Marqeta's broader strategy of expanding its global footprint while deepening its capabilities in key markets.