Marqeta to acquire TransactPay: Stronger together, business as usual

This strategic acquisition will boost TransactPay’s market position and stability, with TransactPay clearly stating: it’s going to be business as usual for all clients and partners.

With its strong reputation in secure and flexible payment solutions, TransactPay will continue to operate under its existing brand, maintaining its regulatory footprint and operational structure in Gibraltar and Malta. The acquisition will mean a change in ownership, but not a shift in the way TransactPay operates – clients will continue to receive the same high-quality service they rely on.

Transact Pay’s CEO, Aaron Carpenter, said: “This acquisition will strengthen our position in the market, but our core mission remains unchanged. Our clients and partners can expect the same seamless experience, the same leadership, and the same commitment to delivering best-in-class payment solutions. We’ll simply be operating with the backing of a NASDAQ-listed company, which will reinforce our financial stability and growth potential.”

What this means for clients

• No disruption – TransactPay will continue operating as an independent entity, under the same name, with no immediate changes to services.
• Greater stability – With Marqeta’s balance sheet strength, TransactPay will be in an even stronger position to support clients.
• Regulatory continuity – TransactPay will retain its UK and EU regulatory footprint, ensuring seamless compliance and operations.
• Expanded capabilities – Marqeta’s global presence and technology will complement TransactPay’s offerings, providing new opportunities for clients in the long term.

Why Marqeta is acquiring TransactPay

Marqeta has been a long-term partner of TransactPay, using its BIN sponsorship capabilities to support end-to-end card solutions. The acquisition will allow Marqeta to enhance its offering for major global brands that require a fully regulated payments provider in Europe.

“Marqeta’s clients, including global brands, have increasingly sought a one-stop-shop provider with regulatory approvals in the UK and Europe. TransactPay will provide this expertise and stability, reinforcing Marqeta’s ability to offer a complete, compliant, and scalable payments solution,” said Aaron.

Looking ahead

The acquisition is expected to be completed by mid-2025, subject to regulatory approval. During the transition, clients will experience no changes to their service, and TransactPay will continue working with a range of fintech partners beyond Marqeta’s existing ecosystem.

“Trust is at the heart of everything we do,” said Aaron. “We remain fully committed to our clients and partners, ensuring they continue to receive the same high-quality service they expect from us.”