TransactPay

What TransactPay does

TransactPay is a Gibraltar-headquartered, Malta-licensed e-money institution that provides BIN sponsorship, e-money licensing, and virtual account infrastructure to fintechs, programme managers, challenger banks, and traditional financial institutions across the UK and EEA. Founded in 2012 and rebranded from Transact Payments to TransactPay in June 2024, the company operates as a Principal Member of both Mastercard and Visa and holds EMI licences from the Gibraltar Financial Services Commission and the Malta Financial Services Authority, enabling it to deliver card programmes in 25 European countries and 17 settlement currencies. Its service portfolio comprises four product lines: BIN Sponsorship (regulated access to card scheme rails), E-Money Licensing (EMI sponsorship for wallets and cardless solutions), Virtual Accounts (processor-agnostic account infrastructure), and The Partnership That Pays (advisory and value-add support). Notable client programmes include the Payac Irish credit union debit programme (240,000+ active cardholders, 115M+ transactions processed) and channel partner Enfuce (16M+ active users across 23 countries).

The company monetises through licensing fees, programme management charges, and transaction-based revenue from issuing and account services, supplemented by cross-sell of compliance, fraud prevention (Triple API integration), open banking (tell.money), and UK safeguarding banking infrastructure (Griffin). GTM is sales-led direct to enterprise and mid-market clients in the UK and EEA, complemented by channel/reseller partnerships with embedded finance platforms. Headcount is in the 101–250 range, and revenue grew approximately 75% in 2021 versus 2020, though no absolute figures are publicly disclosed.

In February 2025 Marqeta announced its acquisition of TransactPay to extend card programme management into the UK and EU; the deal completed in August 2025. TransactPay continues to operate under its own brand as a subsidiary of the NASDAQ-listed acquirer, retaining its regulatory footprint in Gibraltar and Malta. Cybersecurity posture is anchored by Cyber Essentials Plus certification, ongoing PCI-DSS audits, and ISO 27001-aligned information security controls.

Name

TransactPay

Legal name

Transact Payments Limited

Website

https://transactpay.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

TransactPay is a Gibraltar-based, Malta-licensed e-money institution providing BIN sponsorship, e-money licensing, and virtual account services to fintechs, programme managers, and financial institutions across the UK and EEA, operating as a subsidiary of Marqeta since August 2025.

Ownership category

akta.pro rank

Product category

Payment Infrastructure Services

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE), International Bill Pay & Cross-Border Airtime/Top-Up (FSAGAKAM), Wire/RTP Confirmation of Payee (CoP) & Beneficiary Verification (FSAMAHAL), Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB), Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE)

Keywords

• BIN sponsorship services
• E-money licensing
• Virtual account services
• Card issuing infrastructure
• Payment licensing solutions

Headquarters

HQ city

Gibraltar

HQ country

Gibraltar

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. BIN Sponsorship Services: Provides regulated access to card schemes (Mastercard and Visa) for businesses that need to issue cards but don't have their own licenses. Revenue generated through licensing fees and program management charges.
2. E-Money Institution Services: EMI licensing services that allow mobile wallet, e-wallet, and cardless solutions without customers obtaining their own EMI license. Revenue from licensing and regulatory service provision.
3. Virtual Account Services: Processor agnostic virtual accounts enabling businesses to offer accounts to their customers. Revenue from account services and transaction processing.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

TransactPay is a licensed e-money institution that provides BIN sponsorship, e-money licensing, and virtual account services to regulated and non-regulated firms across the UK and EEA. The company enables fintechs, challenger banks, program managers, and non-financial brands to launch payment card programs, mobile/e-wallets, and account solutions without obtaining their own regulatory licenses. As a Principal Member of both Mastercard and Visa, TransactPay delivers processor-agnostic, multi-currency card issuing and account infrastructure across 25 European countries and 17 currencies.

Product overview

TransactPay is an expert payment and card solutions provider operating as a platform of interconnected modular services across the UK and EEA. Its core product portfolio comprises four integrated service lines: BIN Sponsorship (providing access to Mastercard and Visa rails and card programme permissions), E-Money Licensing (EMI licence sponsorship for wallets and cardless solutions), Virtual Accounts (processor-agnostic virtual account capability), and The Partnership That Pays (value-adding support and advisory services). TransactPay holds e-money institution licences from the Gibraltar Financial Services Commission and Malta Financial Services Authority, and serves as a Principal Member of both Mastercard and Visa, enabling it to passport services across 25 European countries and 17 currencies. The company was acquired by Marqeta in 2025 and continues to operate under its own brand.

Differentiator

Problem solved

Functional benefit

Products and services

• BIN Sponsorship Provides regulated and non-regulated firms with access to TransactPay's Mastercard and Visa licenses and permissions to deliver card programmes throughout the UK and EEA in multiple settlement currencies. The solution is processor-agnostic, designed to work with many different processors, giving flexibility and choice for customers.
• E-Money Licensing Through its EMI licences from the Gibraltar Financial Services Commission and Malta Financial Services Authority, TransactPay sponsors mobile wallet, e-wallet, and other cardless technical solutions for clients, removing the need for customers to obtain their own EMI licence. Enables wallet and cardless payment offerings across the UK and EEA.
• Virtual Accounts Ready-to-go, processor-agnostic Virtual Accounts capability that provides businesses with account solutions backed by extensive regulatory and operational expertise. Supports multi-currency accounts across 17 currencies and enables businesses to offer account services to their customers.

Quantifiable outcome

• 75% revenue increase in 2021
• +4 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Orenda FinancecoreStrategic or Co-development Partner · 13 November 2025TransactPay partnered with Orenda Finance, a no-code embedded finance platform, to accelerate rollout of embedded finance solutions across Europe. Through TransactPay's UK and EU licenses, Orenda launched its new European wallet offering and will expand to include card programmes for clients in government, payroll, and marketplace sectors.
• Setld PaycoreStrategic or Co-development Partner · 9 September 2025TransactPay serves as regulated issuing partner for Setld Pay's card programmes, enabling fintechs and non-financial businesses to access prepaid card issuing, account-to-account payments, and compliance through a single integrated solution.
• GriffincoreTechnology or Integration · 1 July 2025Partnership with Griffin's modern full-stack banking platform strengthens UK banking infrastructure by providing access to dedicated safeguarding accounts, operational accounts for scheme obligations, and FSCS-protected savings accounts.
• TriplecoreTechnology or Integration · 3 April 2025TransactPay integrated Triple's Transaction Enrichment API to combat fraud and reduce chargebacks. The technology improves transaction clarity by replacing vague merchant descriptors with detailed information and provides fraud detection through transaction pattern analysis.
• ZerominorStrategic or Co-development Partner · 27 March 2025TransactPay enabled Zero's sustainable personal account and debit card launch, providing BIN sponsorship, account solutions, and regulatory compliance. The card features GreenScore carbon calculator and is made from 95% recycled plastic.
• Currencies DirectminorStrategic or Co-development Partner · 20 September 2023TransactPay enabled Currencies Direct to launch a multi-currency debit card allowing customers to spend in 200+ countries where Mastercard is accepted, with competitive exchange rates and no upfront fees.
• EnfucecoreChannel Partner/ Reseller/ Distributor · 15 March 2022Enfuce uses TransactPay's BIN sponsorship to offer card programs across 23 countries and 16 currencies, enabling non-licensed clients to run compliant prepaid, debit, credit, fleet, and gift card programs.
• MosscoreStrategic or Co-development Partner · 4 May 2021TransactPay partnered with Moss and Mastercard to issue corporate credit cards for German startups and SMEs, offering credit limits up to 10x higher than traditional providers with real-time financial management.
• TymitcoreStrategic or Co-development Partner · 11 February 2021TransactPay issues the Tymit credit card, the UK's first instalment-only credit card, enabling consumers to pay in full monthly or in 3-36 monthly instalments at transparent interest rates with no hidden fees.
• PayaccoreStrategic or Co-development Partner · 17 October 2019TransactPay partnered with Payac to issue Mastercard debit cards for Irish Credit Unions' full-service current account, now serving 240,000+ active cardholders across 85+ institutions with 115+ million transactions processed.
• HUBUCcoreChannel Partner/ Reseller/ DistributorHUBUC partnered with TransactPay to add physical and virtual card issuance capabilities to its embedded financial services platform for B2B SaaS brands across UK and EEA markets.
• PliantminorStrategic or Co-development PartnerTransactPay partnered with Pliant and Visa to offer corporate credit cards in Germany, including the first Visa Infinite Business Card in Germany, with high limits, market-leading cashbacks, and instant virtual card issuance.
• Visa Ready for Fintech EnablementcoreTechnology or IntegrationTransactPay joined Visa's Ready for Fintech Enablement program, gaining access to Visa's growing partner network, go-to-market support, and newly launched Visa products and solutions for digital issuance.
• MastercardcoreTechnology or IntegrationTransactPay is a Principal Member of Mastercard, enabling BIN sponsorship and card issuing capabilities for clients through Mastercard's global network.
• VisacoreTechnology or IntegrationTransactPay is a Principal Member of Visa Europe, enabling BIN sponsorship and card issuing capabilities for clients through Visa's payment network.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Treezor: French EMI licensed by ACPR offering BIN sponsorship, card issuing, and payment account services across Europe. Direct competitor in the European BIN sponsorship and EMI-as-a-service space.
• Thredd: UK-based card issuing and payments processor that works closely with TransactPay (referenced in testimonials) and competes for the same BIN sponsorship and program management customers across UK and EEA. Directly comparable in business model as a card program manager with embedded processing.
• Enfuce: Finnish Card-as-a-Service platform that uses TransactPay's BIN sponsorship to offer card programs across 23 countries. Comparable as a modern card issuing platform serving fintechs and corporates with processing-led capabilities.
• Bankable: UK-based digital banking and card issuing platform referenced in TransactPay testimonials as a long-standing partner. Comparable as a regulated payment infrastructure provider offering card issuance and accounts to fintechs and corporates in Europe.

Broad incumbents

• Marqeta: NASDAQ-listed modern card issuing platform and TransactPay's parent company since August 2025. Comparable as a card issuing infrastructure provider serving fintechs and program managers, though at global scale and with broader processing capabilities rather than purely BIN sponsorship.
• Stripe Issuing: Stripe's card issuing API enables businesses to create and manage payment cards. Directly comparable in serving fintechs and platforms launching card programs, though Stripe Issuing is part of Stripe's broader payments suite rather than a pure sponsor.
• Adyen: Global payments platform with card issuing and processing capabilities for enterprise merchants and platforms. Comparable as a vertically integrated payments infrastructure provider competing for the same enterprise card programs.
• Paysafe: Global payments platform with card issuing, acquiring, and e-money services for digital wallets and fintechs. Comparable in regulated payment infrastructure serving fintechs and online businesses, though broader in scope.

Emerging players

• Griffin: UK banking-as-a-service platform and TransactPay partner providing safeguarding accounts. Comparable as a UK-regulated infrastructure provider targeting fintechs and embedded finance, with partial overlap in banking and payment account services.
• Wallester: Estonian-licensed EMI offering card issuing, BIN sponsorship, and white-label payment solutions across Europe. Comparable in European BIN sponsorship and card program management for fintechs and corporates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/transactpay
• Xx.com/tpl_emoney
• Facebookfacebook.com/transactpayments

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TransactPay