Marqeta to Acquire TransactPay, Expanding Card Program Management Across UK and Europe #
On February 26, 2025, Marqeta, a global modern card issuing platform listed on NASDAQ under the ticker MQ, announced its agreement to acquire TransactPay, a BIN Sponsorship provider licensed as an E-Money Institution (EMI). The transaction will expand Marqeta’s card program management capabilities across the UK and Europe. According to Marcin Glogowski, Marqeta’s SVP Managing Director (Europe and UK CEO), the deal will help accelerate Marqeta’s global offerings, allowing customers to build cutting-edge card programs, generate new revenue streams, and keep product innovation and compliance at the forefront.
Aaron Carpenter, TransactPay’s CEO, noted that joining Marqeta would enable further scaling of its BIN Sponsorship and digital wallet businesses. TransactPay, founded in 2012, holds EMI licenses in the UK and European Economic Area, making it a key player in issuing and managing electronic money, digital wallets, prepaid cards, online transactions, money transfers, and virtual cards. Its reach spans 25 countries, supports 16 currencies, and holds principal memberships with Mastercard and Visa. Marqeta customers will benefit from a unified platform that reduces complexity and integrates bank, network, and regulatory relationships for seamless scaling throughout the region.
Certified to operate in more than 40 countries, Marqeta processes nearly $300 billion in annual payments volume and is designed to simplify launching new card programs. Wilson Sonsini Goodrich & Rosati served as legal counsel to Marqeta during the transaction. Marqeta’s platform gives companies the ability to embed financial services into their branded experiences, offering compliance and security measures that have been proven robust across diverse markets.
TransactPay is authorized by both the Gibraltar Financial Services Commission and the Malta Financial Services Authority, ensuring its offerings comply with regulatory standards. Forward-looking statements in this announcement, including those relating to the anticipated completion and benefits of the acquisition, involve known and unknown risks that could cause actual results to differ, and Marqeta disclaims any obligation to update these statements unless required by law.