To strengthen its card programme administration capabilities in Europe, the card-issuing platform Marqeta has accomplished its acquisition of TransactPay, a BIN Sponsorship supplier that’s licensed as an E-Cash Establishment (EMI) to situation e-money and undertake cost companies within the UK and European Financial Space.
With the mixed capabilities of Marqeta and TransactPay, clients will have the ability to benefit from card programme administration options within the UK and EU, and keep away from the added complexity related to partaking a number of companions.
Marqeta and TransactPay clients will proceed to have devoted buyer and manufacturing help, in addition to strategic financial institution, community, and regulatory relationships, supporting card program scale all through the area. Moreover, clients within the UK and EU will even have the ability to broaden extra simply into European markets.
“In as we speak’s evolving world panorama, from regulatory modifications to speedy financial coverage modifications, the flexibility to ship revolutionary funds merchandise and scale rapidly whereas staying compliant with necessities throughout Europe is important. With the mixed capabilities of TransactPay and Marqeta, we’re serving to our clients handle these basic cost wants,” mentioned Marcin Glogowski, SVP managing
director, Europe and UK CEO, Marqeta.
“Our enterprise in Europe continues to develop, with complete processing quantity greater than doubling year-over-year. This acquisition furthers this progress and demonstrates our dedication to the European and UK markets as a part of our general world technique.”
“We’re proud to proceed as a trusted accomplice to Marqeta, combining our capabilities to assist our clients speed up progress and produce new digital funds choices to market extra effectively,” mentioned Aaron Carpenter, CEO of TransactPay. “We stay up for persevering with to develop and scale our know-how with Marqeta throughout Europe, delivering the revolutionary options that our clients are searching for.”
