Marqeta collaborates with Banking Circle to expand its account and money movement tools in Europe

TPV Growth

Marqeta's total processing volume growth for its European card programs from 2022 to 2025.

SEPA Instant Transfer Time

under 10 seconds

The upgraded service for SEPA Instant enables money transfers in less than 10 seconds.

Number of Countries Expanded

Marqeta's expansion of account and money movement tools into 30 additional European countries.

§ 01 Executive Snapshot

What: Marqeta expands its account and money movement tools into 30 additional European countries through a collaboration with Banking Circle.
Who: Marqeta, Inc. and Banking Circle.
Why it matters: This expansion enhances Marqeta's offerings in Europe, supporting businesses with innovative payment solutions and driving customer engagement.

Marqeta has achieved an 8x growth in total processing volume (TPV) for its European card programs from 2022 to 2025.
The acquisition of TransactPay in 2025 allows Marqeta to provide fully licensed e-money capabilities for multi-currency virtual accounts and international payments.
Marqeta's platform enables faster payments system integration, allowing UK payments to be processed in seconds for improved cash flow.

The collaboration with Banking Circle underscores Marqeta's commitment to enhancing its payment solutions in a rapidly growing European market.
Marqeta's focus on meeting local regulatory requirements, including PSD2 and GDPR, positions it well to support businesses operating across Europe.

This partnership may significantly enhance Marqeta's competitive positioning in the European payments landscape, attracting more customers looking for comprehensive payment solutions.
Long-term operational implications include the potential for increased market share in Europe as businesses seek to innovate their payment experiences.

Potential regulatory challenges in navigating compliance across multiple European jurisdictions could pose execution roadblocks.
Competition from other payment service providers may impact Marqeta's market penetration and growth in the region.

Upcoming milestones include the full integration of TransactPay's capabilities into Marqeta's platform and the expansion of services across the newly added countries.
Monitoring the adoption rates of Marqeta's new offerings by businesses in Europe will indicate the success of this expansion effort.

§ 07

What is the purpose of Marqeta's collaboration with Banking Circle?

The collaboration aims to expand Marqeta's account and money movement tools into 30 additional European countries.

How has Marqeta's processing volume changed in Europe?

Marqeta has achieved an 8x growth in total processing volume for its European card programs from 2022 to 2025.

Why is the acquisition of TransactPay significant for Marqeta?

The acquisition allows Marqeta to provide fully licensed e-money capabilities for multi-currency virtual accounts and international payments.

What regulatory requirements is Marqeta focusing on in Europe?

Marqeta is focusing on meeting local regulatory requirements, including PSD2 and GDPR, to support businesses operating across Europe.