Marqeta acquires TransactPay to expand payments in Europe

By Vriti Gothi

Marqeta, a modern card issuing and embedded finance company, has acquired TransactPay to serve the evolving needs of global FinTechs and digital-first financial institutions.

This acquisition cements Marqeta’s position as a market enabler for next-generation digital payments across Europe, providing customers with a seamless, scalable, and compliant platform to launch and manage card programmes. By integrating TransactPay’s regulatory infrastructure and deep regional expertise, Marqeta can now offer an end-to-end solution for embedded finance in both the UK and the EU, eliminating the complexity of managing multiple vendors.

Customers will benefit from unified card programme management across borders, supported by local regulatory frameworks and dedicated operational support. Through this strengthened platform, clients gain streamlined access to issuing, payment services, and banking partnerships, accelerating their go-to-market timelines and ensuring robust compliance in one of the world’s most dynamic regulatory environments.

Marcin Glogowski, SVP Managing Director, Europe and UK CEO, Marqet, said, “In today’s evolving global landscape, from regulatory modifications to rapid economic policy changes, the ability to deliver innovative payment 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, said, “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.”

By joining forces, Marqeta and TransactPay are unlocking a more connected and agile financial ecosystem across Europe—one designed to empower innovators with the tools they need to deliver frictionless, customer-centric digital experiences, underpinned by strong regulatory foundations.