Expanding payments in Europe: Marqeta takes over TransactPay in acquisition deal

In a significant move, financial institution Marqeta has announced the acquisition of TransactPay in 2025. This strategic move is aimed at meeting the evolving needs of global FinTechs and digital-first financial institutions.

The integrated platform, resulting from this acquisition, will offer an end-to-end solution for embedded finance in both the UK and the EU. The new financial ecosystem is designed to be efficient and agile, facilitating innovation in the digital payments sector.

Marqeta, a modern card issuing and embedded finance company, has cemented its position as a market enabler for next-generation digital payments across Europe with this acquisition. The move further fuels Marqeta's growth in Europe, with total processing volume more than doubling year-over-year.

The collaboration between Marqeta and TransactPay is intended to create a more efficient and agile financial system in Europe. The combined forces aim to empower innovators in Europe with the means to deliver frictionless digital experiences.

The new financial ecosystem is underpinned by strong regulatory foundations, providing a stable environment for innovation. It is also designed to be customer-centric, equipping innovators with the necessary tools to deliver seamless, customer-focused digital experiences.

The integration of TransactPay's regulatory infrastructure and deep regional expertise eliminates the complexity of managing multiple vendors. This streamlined approach offers clients streamlined access to issuing, payment services, and banking partnerships.

Customers will benefit from unified card programme management across borders, supported by local regulatory frameworks and dedicated operational support. The combined capabilities of TransactPay and Marqeta aim to help customers address fundamental payment needs in a rapidly changing global landscape.

Marcin Glogowski, SVP Managing Director, Europe and UK CEO, Marqet, stated that the acquisition demonstrates their commitment to the European and UK markets. Aaron Carpenter, CEO of TransactPay, expressed pride in continuing as a trusted partner to Marqeta.

The new financial ecosystem is intended to offer a stable and secure environment for innovation in the digital payments sector. By providing innovators with the tools they need to deliver seamless digital experiences, Marqeta and TransactPay are creating a more interconnected and agile financial ecosystem across Europe.