Marqeta expands European payments and account services

By Aarav Garg

Marqeta has expanded its account and money movement services into 30 additional European countries through its collaboration with Banking Circle, as the company continues to strengthen its presence across the region.

The expanded offering enables businesses to integrate virtual accounts, digital wallets and multi-rail payment capabilities into card programmes across Europe. Marqeta said the move is designed to help companies launch and scale financial products more efficiently while supporting cross-border payments and embedded finance services.

“Europe represents one of our most important growth markets, and bringing these tools to multinational and regional businesses enables them to build the innovative payment experiences that are crucial to their success,” said Anthony Peculic, Interim Chief Product Officer at Marqeta.

The expansion follows strong regional growth for Marqeta, which reported an eightfold increase in total processing volume for its European card programmes between 2022 and 2025. The company also recently completed its acquisition of TransactPay, adding programme management and regulated e-money capabilities to its European operations.

Mikkel Gronlykke, President of Banking Circle, said, “Our relationship with Marqeta combines full account functionality and money movement capabilities with a proven card issuing platform, giving businesses in Europe a powerful foundation for building financial products that simplify how money moves.”

Marqeta said its platform supports multi-currency virtual accounts, international payments and embedded wallet functionality linked to debit cards. The company also provides access to Faster Payments in the UK alongside SEPA Credit and SEPA Instant services for payments across Europe.

The platform is designed to support compliance with regional regulations including PSD2 and GDPR while offering services such as fraud management, dispute handling, card fulfilment and reporting.

The expansion reflects growing demand among fintechs, digital banks and embedded finance providers for scalable infrastructure that supports real-time payments, international money movement and digital account services across multiple European markets.