Marqeta Expands Account and Money Movement Offering in Europe, Building on Strong Regional Momentum

WHY THIS MATTERS: The integration between Marqeta and Banking Circle represents a definitive step forward in the maturation of European embedded finance. It signals that platforms are shifting from merely offering card-issuing APIs to delivering holistic, full-stack payments infrastructure capabilities. For multinational brands and fintechs, the ability to seamlessly link virtual accounts, card programs, and multi-rail payment schemes like SEPA Instant under a single regulated umbrella eliminates complex vendor management and technical integration headaches. This dramatically lowers the barrier to entry for businesses looking to launch pan-European financial products. The expanded offering, leveraging both the speed of Faster Payments and the breadth of SEPA, is crucial for fostering customer engagement by enabling near-instantaneous money movement and fund availability, which is now an expectation, not a luxury, in the modern financial ecosystem. This consolidation of services is the new benchmark for infrastructure providers competing for large enterprise clients.

Marqeta, Inc. (NASDAQ: MQ), the modern card issuing platform, today announced that it has expanded its portfolio of account and money movement tools into 30 additional European countries through its collaboration with Banking Circle, a leading global bank licensed in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF). The company’s expanded offering enables businesses across Europe to enrich their card programs with embedded virtual accounts and multi-rail payment capabilities, creating more personalized experiences that drive deeper customer engagement.

The portfolio expansion builds on Marqeta’s strong momentum in the region, underscored by its 8x growth in total processing volume (TPV) for its European card programs from 2022 to 2025, as well as its acquisition of TransactPay in 2025. The addition of TransactPay brought full program management and the handling of bank, network, and regulatory relationships to Marqeta’s customers across Europe. With the acquisition of TransactPay, Marqeta can enable fully licensed e-money capabilities to support multi-currency virtual accounts and international payments across consumer and commercial card programs.

“Europe represents one of our most important growth markets, and bringing these tools to multinational and regional businesses enables them to build the innovative payment experiences that are crucial to their success,” said Anthony Peculic, Interim Chief Product Officer at Marqeta. “By providing a single platform for card issuing, account and money movement, and program management, we’re enabling our customers to launch and scale the card programs their customers rely on with greater simplicity, flexibility, and efficiency.”

“Banking Circle’s mission has always been to make global payments faster, simpler and more accessible for businesses,” said Mikkel Gronlykke, President of Banking Circle. “Our relationship with Marqeta combines full account functionality and money movement capabilities with a proven card issuing platform, giving businesses in Europe a powerful foundation for building financial products that simplify how money moves.”

Marqeta’s portfolio enables account and money movement for businesses operating in Europe or looking to expand throughout the region. With a platform built to meet local regulatory requirements, including PSD2 and GDPR, and backed by deep in-market expertise, Marqeta simplifies the launching of card programs with account and money movement capabilities for businesses across Europe. The company also offers full card program management for the region, which includes card fulfillment, fraud management, dispute resolution, BIN sponsorship, and reporting and reconciliations. Key elements of Marqeta’s portfolio include:

• Virtual accounts and digital wallet functionality linked to a debit card, supporting multiple currencies and providing a place to store funds embedded within existing offerings, subject to applicable safeguarding requirements.
• Faster payments system integration allowing companies to process UK payments in seconds, enabling near real-time money movement that improves cash flow and financial visibility.
• SEPA Credit and SEPA Instant for moving money across 40+ SEPA member countries and territories in 1-2 days, while the SEPA Instant’s upgraded 24/7/365 service moves money in under 10 seconds.

Learn more about Marqeta’s portfolio of European account and money movement tools here.

FF NEWS TAKE: Yes, this collaboration significantly moves the needle by establishing a more unified multi-rail platform in a fragmented European market. By combining an established issuer processor with a licensed bank’s settlement and account capabilities, Marqeta creates a formidable competitor to traditional banks and other infrastructure players. The next critical watch point is how quickly their clients leverage this combination to deliver innovative, compliant, cross-border products that truly displace legacy financial services.