Transact Payments

What Transact Payments does

Transact Payments (trading as TransactPay) is a Gibraltar- and Malta-headquartered payments infrastructure provider that enables regulated and non-regulated firms to launch card programmes, mobile and e-wallet products, and virtual account services without obtaining their own payment or e-money licences. The company operates through two licensed entities — Transact Payments Limited, authorised by the Gibraltar Financial Services Commission, and Transact Payments Malta Limited, authorised by the Malta Financial Services Authority — and holds Principal Membership with both Mastercard and VISA, giving it the ability to issue cards and settle in multiple currencies across the UK and EEA (25 jurisdictions).

The product portfolio comprises four offerings: BIN Sponsorship (granting access to license and scheme permissions to deliver card programmes via multiple processors), E-Money Licensing (EMI sponsorship for mobile wallets, e-wallets, and cardless solutions), Virtual Accounts (a ready-to-go, processor-agnostic account capability), and "The Partnership That Pays," a value-add advisory and support bundle covering regulatory navigation, pricing, and delivery. The technology layer is interoperability-focused rather than proprietary AI or models: the platform is designed to plug into multiple third-party processors, with regulatory licensing and scheme membership serving as the technical and commercial core.

TransactPay monetises primarily through licensing royalties and managed-services fees on a quote-based, non-publicly disclosed pricing model. Go-to-market is direct enterprise B2B sales targeting issuers, programme managers, fintechs, and mobile wallet providers across the UK and EEA. Customers cited publicly include FIS, Thredd, Payac, Bits, Bankable, and Pax2pay, with multi-year strategic relationships — for example, a 5-year engagement with FIS. The firm is privately held with no disclosed parent company, no venture or private equity funding rounds in the available record, and operates from dual offices in Gibraltar (Midtown Queensway) and Sliema, Malta.

Name

Transact Payments

Legal name

Transact Payments Limited

Website

https://transactpaymentsltd.com

Company type

Private

Operating status

Operating

Short description

TransactPay is a Gibraltar- and Malta-headquartered payments infrastructure provider offering BIN Sponsorship, E-Money Licensing, and Virtual Account services to issuers, programme managers, fintechs, and mobile wallet providers across the UK and EEA, under dual EMI licences and Mastercard/VISA Principal Membership.

Ownership category

akta.pro rank

Product category

Payment Infrastructure

NAICS

Credit Card Issuing (52221), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industry

Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

Keywords

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

Headquarters

HQ city

Gibraltar

HQ country

Gibraltar

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. BIN Sponsorship Services: Provides regulated access to payment licenses and card programme capabilities for firms throughout the UK and EEA, enabling delivery of card programmes in multiple settlement currencies.
2. E-Money Licensing: EMI licensing services allowing customers to offer mobile wallet, e-wallet, and cardless solutions without obtaining their own license.
3. Virtual Account Services: Provides processor agnostic virtual accounts capability enabling businesses to offer account services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

TransactPay provides regulated BIN Sponsorship, E-Money Licensing, and Virtual Account services to enable card programmes, mobile wallets, e-wallets, and cardless payment solutions throughout the UK and EEA. As a licensed Electronic Money Institution regulated by the Gibraltar Financial Services Commission and the Malta Financial Services Authority, and as a Principal Member of Mastercard and VISA, the company lets regulated and non-regulated firms issue cards and offer account services under its licences without obtaining their own EMI licence. Its processor-agnostic platform supports multiple settlement currencies and integrates with a range of third-party card processors.

Product overview

Transact Payments (trading as TransactPay) offers a unified suite of payment, card, and account solutions. The portfolio consists of four core services: BIN Sponsorship (providing access to their Principal Member licenses for card programmes), E-Money Licensing (EMI sponsorship for mobile wallets, e-wallets, and cardless solutions), Virtual Accounts (processor-agnostic account capability), and The Partnership That Pays (value-adding support and solutions bundled with the core products). The company operates as licensed Electronic Money Institutions regulated by the Gibraltar Financial Services Commission and Malta Financial Services Authority, with Principal Membership of both Mastercard and VISA, enabling delivery of card programmes throughout the UK and EEA.

Differentiator

Problem solved

Functional benefit

Products and services

• BIN Sponsorship Provides regulated and non-regulated firms access to TransactPay's Principal Mastercard and VISA licences and permissions so they can deliver card programmes throughout the UK and EEA in multiple settlement currencies. Designed to integrate with multiple processors, giving customers flexibility and choice.
• E-Money Licensing Through its EMI licences (Gibraltar FSC and Malta FSA), TransactPay sponsors mobile wallet, e-wallet, and other cardless technical solutions, removing the need for customers to obtain their own EMI licence.
• Virtual Accounts Ready-to-go, processor-agnostic Virtual Accounts capability enabling businesses to offer account services, backed by the knowledge and assurances of an experienced payments provider.
• The Partnership That Pays Value-adding solutions and support layered on top of BIN Sponsorship, E-Licensing, and Account products, including guidance through regulatory and commercial frameworks, pricing efficiencies, and on-time deadline delivery.

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• TriplecoreStrategic or Co-development Partner · 12 December 2025Partnership to prepare issuers for Visa's 2027 mandate. Collaboration focused on helping TransactPay's issuer clients prepare for upcoming regulatory changes and requirements.
• Orenda FinancecoreStrategic or Co-development Partner · 13 November 2025Partnership to accelerate embedded finance across Europe. Strategic collaboration to enable faster deployment of embedded finance solutions for clients.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Treezor: French EMI (now owned by Société Générale) providing regulated payment and card-issuing infrastructure across Europe. Directly comparable as a licensed EMI sponsor offering card programmes and e-money services to fintech clients.
• Paymentology: Global issuer-processor and BIN sponsor offering card programme infrastructure across multiple markets. Competes head-to-head with TransactPay on regulated card issuance and programme management for fintechs and EMIs.
• Wallester: European licensed EMI offering card issuing, virtual cards and white-label payment programmes. Direct competitor to TransactPay on card programme sponsorship and EMI licensing services across the EEA.
• Solaris SE: Berlin-based embedded finance platform offering EMI licensing-as-a-service, card issuing and banking-as-a-service across Europe. Comparable on regulatory sponsorship model and breadth of card/account services for fintech clients.
• Banking Circle: Licensed payments bank providing EMI, virtual accounts and cross-border payment infrastructure across Europe. Comparable on regulated account services and multi-currency capabilities for fintech and corporate clients.
• ClearBank: UK clearing bank providing real-time payment accounts, EMI and banking-as-a-service infrastructure. Comparable to TransactPay on regulated UK payment infrastructure and embedded finance capability for fintech and corporate clients.
• Marqeta: Publicly listed card-issuing platform offering BIN sponsorship and processing infrastructure to fintechs and programme managers globally. Direct competitor to TransactPay's BIN Sponsorship service, with a much larger scale and broader geographic reach.
• Galileo Financial Technologies: Card-issuing and processing platform owned by SoFi, serving banks, fintechs and programme managers. Closely comparable to TransactPay on BIN sponsorship, virtual cards and programme management, with a significantly larger client base in the US.

Broad incumbents

• Thredd: Global card processor (formerly known as Tuxedo Money Solutions) providing processing and programme management services. Overlaps with TransactPay on the issuing value chain and is cited as a partner/customer, illustrating the symbiotic processor/sponsor relationship in the ecosystem.
• Stripe Issuing: Card-issuing API offered by Stripe as part of its broader payments platform. Comparable underlying capability (programme management and card issuance) but bundled within a much larger global payments business rather than a standalone BIN sponsor.

Market position

Competitive moat4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/transactpaymentsltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Transact Payments