Marqeta Partners With Banking Circle to Extend Account and Payment Capabilities Across Additional European Markets | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis

Marqeta has expanded its portfolio of account and money movement tools into 30 additional European countries through a collaboration with Banking Circle, a Luxembourg-licensed bank.

The company said in its announcement on Tuesday that the expansion allows businesses across Europe to enrich their card programmes with embedded virtual accounts and multi-rail payment capabilities. 

Key features include virtual accounts and digital wallet functionality supporting multiple currencies, UK faster payments integration enabling near real-time transfers, and SEPA Credit and SEPA Instant connectivity covering more than 40 member countries, with SEPA Instant processing payments in under 10 seconds around the clock.

The announcement builds on momentum for Marqeta in Europe, where total processing volume for its European card programmes grew eightfold between 2022 and 2025. 

The firm noted that its 2025 acquisition of TransactPay added full programme management capabilities and brought licensed e-money functionality for multi-currency virtual accounts and international payments across consumer and commercial card programmes.

Anthony Peculic, Interim Chief Product Officer at Marqeta, stated: “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.

Mikkel Gronlykke, President of Banking Circle, said the collaboration combines ‘full account functionality and money movement capabilities with a proven card issuing platform,’ giving European businesses a powerful foundation for building financial products that simplify how money moves.

Marqeta’s European offering is built to comply with PSD2 and GDPR requirements and includes card fulfilment, fraud management, dispute resolution, BIN sponsorship, and reporting and reconciliation services.