TransactPay, a leading provider of card issuing and BIN sponsorship solutions, has partnered with Setld Pay, a next-generation card scheme programme manager, to streamline and simplify payment solutions for businesses across the UK and Europe.
With Setld Pay launching its first prepaid card programmes in September 2025, this partnership will provide fintechs and non-financial businesses with a seamless, fully integrated payments infrastructure – removing the complexity of managing multiple providers and contracts.
Solving a major fintech pain point
For many businesses that need access to financial services but aren’t financial experts, the process of setting up payments infrastructure can be overwhelming. Finding and managing multiple partners for issuing, processing, Know Your Customer (KYC) and Know Your Business (KYB) checks, IBAN services, and safeguarding requirements creates inefficiencies, drives up costs, and can delay product launches.
Setld Pay removes these roadblocks by offering a single point of contact, contract, and technical integration, combining prepaid card issuing, account-to-account payments, and compliance into one streamlined solution.
“Ordinarily, businesses looking to launch a payment programme are handed a long list of partners to manage,” said Stuart Green, CEO of Setld Pay.
“This process can be a minefield, often causing businesses to abandon projects before they even start. With Setld Pay, we’ve done all the legwork – clients get a seamless, efficient solution with all the necessary services under one roof.”
Why TransactPay?
TransactPay plays a crucial role in Setld Pay’s infrastructure, acting as the regulated issuing partner to ensure compliance across the UK and European markets.
Aaron Carpenter, CEO of TransactPay, said: “We’re always looking to support innovative partners who simplify financial services for businesses. Setld Pay’s approach makes payments effortless for companies that don’t have in-house expertise, and we’re proud to provide the regulatory and operational infrastructure to bring this vision to life. Together, we’re making it easier for fintechs and businesses to launch, scale, and operate efficiently.”
A game-changer for prepaid card programmes
A key innovation of this partnership is solving the industry-wide challenge of pre-funding card programmes. Traditionally, businesses must set aside significant working capital – often equivalent to three to five days’ worth of transactions – to meet regulatory safeguarding requirements.
Through Setld Pay’s card programme infrastructure, powered by real-time IBAN funding and automated reconciliation, businesses can now:
- Fund their accounts in real time via SEPA Instant and Faster Payments.
- Reduce locked-in working capital, freeing up cash flow for growth.
- Ensure funds stay segregated, enhancing regulatory transparency.
“This is a major breakthrough,” said Stuart. “For startups, it reduces the cash burden. For large businesses, it eliminates the need to park millions in an issuer’s account just to meet pre-funding requirements.”
Expanding services beyond prepaid cards
In addition to supporting prepaid card programmes, Setld Pay and TransactPay are also offering automated fund reconciliation services, benefiting industries with high-volume transactions such as accountancy firms, estate agents, and digital platforms.
“This partnership isn’t just about payments – it’s about automation, efficiency, and removing barriers for businesses,” said Stuart.
Looking ahead
Setld Pay’s first Visa and Mastercard programmes with TransactPay go live in September 2025. Businesses looking to simplify their payment infrastructure and access a fully integrated, scalable solution can now reach out for more details.
Details
Date
9 Sept 2025
Category
Press Release
Author
TransactPay
