Marqeta announced that, through its partnership with Banking Circle, it is adding account and money‑movement capabilities to 30 additional European countries. The expansion builds on an 8‑fold increase in the company’s European card‑processing volume from 2022 to 2025 and follows its 2025 acquisition of TransactPay, signaling a broader push to serve multinational businesses with a unified card‑issuing and payments platform.
Marqeta’s Expanded Portfolio Through Banking Circle
Marqeta, Inc. (NASDAQ: MQ) disclosed that the new offering will be delivered via Banking Circle, a Luxembourg‑licensed bank regulated by the Commission de Surveillance du Secteur Financier (CSSF). The joint solution adds embedded virtual accounts and multi‑rail payment options to Marqeta’s existing card‑issuing platform, allowing businesses to create more personalized payment experiences across the newly covered jurisdictions.
Key components of the expanded suite include:
- Virtual accounts and digital‑wallet functionality linked to a debit card, supporting multiple currencies and subject to applicable safeguarding requirements.
- Integration with faster‑payments systems that enable UK payments to settle in seconds, improving cash‑flow visibility.
- SEPA Credit and SEPA Instant capabilities for transfers across 40+ SEPA members, with the instant service delivering funds in under 10 seconds on a 24/7/365 basis.
Regional Momentum and Recent Acquisitions
Marqeta highlighted an 8× growth in total processing volume (TPV) for its European card programs between 2022 and 2025. The company also noted that its 2025 acquisition of TransactPay added full program‑management functions and the handling of bank, network, and regulatory relationships for European customers. According to Marqeta, the acquisition enables “fully licensed e‑money capabilities to support multi‑currency virtual accounts and international payments across consumer and commercial card programs.”
Anthony Peculic, Interim Chief Product Officer at Marqeta, said the expansion “enables multinational and regional businesses to build the innovative payment experiences that are crucial to their success.” Mikkel Gronlykke, President of Banking Circle, added that the partnership “combines full account functionality and money‑movement capabilities with a proven card‑issuing platform.”
Compliance Framework and Service Scope
Marqeta’s platform is designed to meet local regulatory requirements, including PSD2 and GDPR, and is backed by in‑market expertise. The company also offers end‑to‑end card‑program management for the region, covering card fulfillment, fraud management, dispute resolution, BIN sponsorship, and reporting/reconciliation services.
The announcement did not disclose pricing, rollout timelines, or the specific list of the 30 added countries. Marqeta’s broader platform processes nearly $400 billion in annual payments volume in 2025 and is certified in more than 40 countries worldwide.
Key Takeaways
- Marqeta is adding account and money‑movement tools to 30 additional European countries via its partnership with Banking Circle.
- The expansion follows an 8× increase in European TPV from 2022 to 2025 and the 2025 acquisition of TransactPay, which introduced licensed e‑money capabilities.
- New features include multi‑currency virtual accounts, UK faster‑payments integration, and SEPA Instant transfers that settle in under 10 seconds.
FinanceInsyte's Take
The move positions Marqeta to serve a broader set of cross‑border enterprises with a single, compliant platform for card issuance and payments. While the announcement confirms geographic expansion and enhanced functionality, details on pricing, implementation schedules, and the exact country list remain undisclosed, leaving enterprises to await further clarification before assessing integration timelines.
Source: Businesswire
