"TransactPay Acquisition Finalized by Marqeta"
In a significant move aimed at addressing the fundamental payment needs of customers, TransactPay and Marqeta have announced their strategic union. This partnership is poised to bring about a transformation in the payment landscape across Europe.
Marcin Glogowski, the SVP Managing Director of Europe and UK CEO of Marqeta, underscored the importance of delivering innovative payments products while ensuring rapid scaling and compliance with European regulations. He expressed his enthusiasm about the partnership, stating, "This acquisition is part of Marqeta's overall global strategy, and we look forward to growing and scaling our technology across Europe."
Aaron Carpenter, CEO of TransactPay, shared similar sentiments, expressing pride in continuing as a trusted partner to Marqeta. He emphasised, "TransactPay and Marqeta aim to help our customers accelerate growth and bring new digital payments offerings to market more efficiently."
The combined entities are set to deliver the innovative solutions that their customers are seeking. This partnership comes at a time when Marqeta's business in Europe is thriving, with total processing volume more than doubling year-over-year.
Tracing its roots back to January 3, 2013, TransactPay, the e-money institution involved in the Marqeta, Inc. acquisition, brings a wealth of experience and expertise to the table. The acquisition further demonstrates Marqeta's commitment to the European and UK markets.
Both TransactPay and Marqeta are eager to expand their footprint across Europe. With this strategic partnership, they aim to help customers navigate the complexities of the digital payments landscape more efficiently and effectively.
In conclusion, this acquisition marks a significant step forward in Marqeta's global expansion and underscores their commitment to delivering innovative payment solutions while staying compliant with European regulations. The combined capabilities of TransactPay and Marqeta are set to redefine the payment landscape in Europe, offering customers a more streamlined and efficient digital payments experience.
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