TransactPay
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.
- Company typePrivate
- Founded2012
- HeadquartersGibraltar, Gibraltar
- Headcount101–250
- GTM typeB2B
- OfferingServices
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.
TransactPay firmographics
Firmographics- 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
TransactPay industry classification
Industry- 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
Where TransactPay is headquartered
LocationHeadquarters
- HQ city
- Gibraltar
- HQ country
- Gibraltar
Offices2 records
Markets served
TransactPay business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- 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.
- 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.
- Virtual Account Services: Processor agnostic virtual accounts enabling businesses to offer accounts to their customers. Revenue from account services and transaction processing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Currentaccount.ie debit card service |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
TransactPay product offering
Product offeringCore 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
Companies that use TransactPay
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles4 records
TransactPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature4 records
TransactPay partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- Orenda FinancecoreTransactPay 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 PaycoreTransactPay 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.
- GriffincorePartnership 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.
- TriplecoreTransactPay 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.
- ZerominorTransactPay 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 DirectminorTransactPay 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.
- EnfucecoreEnfuce 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.
- MosscoreTransactPay 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.
- TymitcoreTransactPay 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.
- PayaccoreTransactPay 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.
- HUBUCcoreHUBUC 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.
- PliantminorTransactPay 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 EnablementcoreTransactPay 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.
- MastercardcoreTransactPay is a Principal Member of Mastercard, enabling BIN sponsorship and card issuing capabilities for clients through Mastercard's global network.
- VisacoreTransactPay 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
TransactPay competitors and assessment
Company assessmentDirect 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
TransactPay social profiles
Digital presenceTransactPay compliance and trust
Trust signalCompliance3 records
TransactPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
TransactPay leadership team
Management profileNumber of profiles
Profiles4 records
TransactPay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TransactPay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TransactPay
What does TransactPay do?
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.
Is TransactPay a public or private company?
TransactPay is a private company. It is classified as corporate owned and is currently operating.
When was TransactPay founded?
TransactPay was founded in 2012. It employs 101 to 250 people.
Where is TransactPay based?
TransactPay is headquartered in Gibraltar, Gibraltar.
How does TransactPay make money?
Three revenue lines are on record. BIN Sponsorship Services are the primary driver. The others are E-Money Institution Services and virtual Account Services.
Who are TransactPay's main competitors?
Direct peers on record are Treezor, Thredd, Enfuce and Bankable. Broad incumbents are Marqeta, Stripe Issuing, Adyen and Paysafe. Emerging players are Griffin and Wallester.
Does TransactPay have an API?
No public API is recorded for TransactPay.
What industry is TransactPay in?
TransactPay's product category is Payment Infrastructure Services. Its primary akta.pro industry code is BPAMAFAK, Cross-Border & FX Payments Platforms, with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure.