Marqeta To Take Over TransactPay For European Market Growth

Marqeta and TransactPay said they have signed an agreement where Marqeta will buy TransactPay. This deal will help Marqeta grow its card program services in the United Kingdom and Europe. The companies said this move will give businesses better payment tools. Customers will have more support and better ways to run card programs.

Separately, Marqeta announced that Simon Khalaf has left his role as leader of the company. The company said Chief Financial Officer Mike Milotich will take over as interim leader. Marqeta did not share details about why this change happened. The company remains focused on growth and supporting customers.

Marcin Glogowski, a leader at Marqeta, said the company has seen fast growth in Europe. He shared that they are happy to bring TransactPay’s team into Marqeta. He said this will help the company offer stronger services to businesses across the world. He added that this will allow customers to improve how they work with payments.

Marqeta’s Platform Enables Businesses To Create Card Programs

Glogowski said Marqeta’s platform helps businesses create card programs in new ways. He explained that these programs give companies better ways to earn money and connect with their customers. He also said this deal will help customers grow quickly while following important financial rules. He noted that Marqeta wants to bring easy-to-use services to businesses.

Aaron Carpenter, the leader of TransactPay, said his company has worked closely with top payment firms, including Marqeta. He said joining Marqeta will help TransactPay expand even further. He explained that this will allow their customers to offer new card products without needing to connect with many different partners. He added that this deal will make payments simpler for businesses.

Marqeta said customers will now have full card program services in the United Kingdom and Europe. They will not have to deal with many different companies to manage payments. Marqeta will also provide support and key business connections. This will help companies run their card programs more smoothly and follow local rules.

Marqeta’s Platform Lets Businesses Connect Financial Services To Their Brands

Marqeta’s platform allows businesses to bring financial services into their brands. This gives companies new ways to serve customers and offer better payment choices. The company said its platform helps businesses create real-time financial solutions. These services improve customer loyalty and help companies use money more wisely.

According to the update, Marqeta’s system is built with strong security and financial rules in mind. The company processed almost $300 billion in payments last year. It is approved to operate in more than 40 countries and continues to grow. Marqeta said this deal will help it expand even further while offering safe and trusted services.

TransactPay is a leading provider of financial services and digital payment solutions. It is approved by financial authorities in Gibraltar and Malta. The company is licensed to work in the United Kingdom and Europe. It offers services such as prepaid cards, digital wallets, online transactions, and money transfers.