“Can a Gibraltar/Malta-licensed EMI be the go-to BIN sponsor and program manager for European card-issuing fintechs?”
Transact Payments Limited (TPL), trading as TransactPay, is a Gibraltar-regulated e-money institution that operates as a BaaS/card-issuing BIN sponsor for fintechs across Europe. Its Malta entity (Transact Payments Malta) serves the same role under MFSA authorization and Mastercard licensing — notably issuing the Moss corporate card. The company sits in the program-management and issuing layer of European embedded finance rather than building consumer-facing products.
Transact Payments discloses Transact Payments Limited (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Transact Payments does not disclose a bank charter of its own; its banking services are provided through Transact Payments Limited (in-house).
Transact Payments processes payments through Transact Payments (self-operated).
Transact Payments's cards are issued through Transact Payments (in-house, Mastercard principal).
The Embedded Finance Index 2026 maps 3 layers in Transact Payments's stack: Payments / PSP (Transact Payments (self-operated)); Banking / BaaS (Transact Payments Limited (in-house)); Card issuing (Transact Payments (in-house, Mastercard principal)).
Transact Payments is headquartered in Gibraltar.
Get a read on where your own stack stands against Transact Payments and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.