Transact Payments names Aaron Carpenter as CEO
By Gloria Methri
Payments and card service provider Transact Payments has appointed Aaron Carpenter as its new CEO. He will be responsible for driving forward the company’s strategy for growth and supporting the diversification of its product offering.
Carpenter first joined Transact Payments in 2019 as Chief Operating Officer (COO), before being named CEO of Transact Payments Malta Limited, the European-licensed entity within the group.
As the CEO, he was responsible for overseeing all aspects of the Group’s European Economic Area (EEA) licensable activity.
Besides the ten years of experience at Transact Payments, Carpenter also spent several years as a legal and regulatory advisor to the payments and gaming sectors. He held the position of Managing Director of Ramparts European Law Firm.
Speaking on his appointment, CEO, Aaron Carpenter, said, “I am delighted to take on this leadership role at Transact Payments. The company has built up significant momentum in the last number of years and my focus will be on continuing our sustainable growth model while helping to diversify our payment product offering to clients.”
TPL an authorised and regulated Mastercard and Visa Principal Member providing white-label, European BIN sponsorship and modular prepaid services. The company issues Mastercard and Visa physical and virtual prepaid cards including corporate expense cards, general spend cards, and money transfer cards, among others.
Transact Payments says it witnessed a 75% increase in revenue in 2021 compared to 2020 and looks to grow exponentially in 2022. Its clients include traditional credit institutions and FinTech firms and it has partnered with companies like Payac, Pliant, Moss, and Lendable.
Its service offering is fully integrated with many leading processors including Marqeta, Global Processing Services (GPS), i2c, FIS, Tribe, Paymentology, Tribe, and Carta.
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