“Can a regulated European EMI BIN-sponsor become the licensing rail underneath every embedded-finance and card-issuing program in the UK and EEA?”
TransactPay (Transact Payments Limited) is a Gibraltar-based EMI providing BIN sponsorship, e-money licensing, and virtual account services across the UK and EEA. It operates a sister Maltese EMI (TPML) under MFSA. In February 2025 Marqeta announced its acquisition of TransactPay to deepen its European card-issuing footprint. A separate Nigerian payment gateway also branded 'Transactpay' (transactpay.ai) appears in evidence but is a distinct entity.
TransactPay discloses Transact Payments Limited (in-house) as its banking provider, according to the Embedded Finance Index 2026.
TransactPay does not disclose a bank charter of its own; its banking services are provided through Transact Payments Limited (in-house).
TransactPay processes payments through BIN Sponsorship (self-operated) and Virtual Accounts (self-operated).
TransactPay's cards are issued through Transact Payments Limited (in-house).
The Embedded Finance Index 2026 maps 3 layers in TransactPay's stack: Payments / PSP (BIN Sponsorship (self-operated) and Virtual Accounts (self-operated)); Banking / BaaS (Transact Payments Limited (in-house)); Card issuing (Transact Payments Limited (in-house)).
TransactPay is headquartered in Gibraltar.
Get a read on where your own stack stands against TransactPay 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.