Banking Circle is supporting Marqeta’s expansion of its account and money-movement offering into 30 additional European countries, enabling businesses to enrich their card programmes with embedded accounts and multi-rail payment capabilities.
Through the partnership, Marqeta clients gain access to multi-currency virtual accounts and European payment rails that support domestic and cross-border money movement, in line with licensing, and scheme requirements. This provides a single foundation for integrating card issuing with account functionality, helping businesses launch and scale across Europe with greater operational simplicity.
“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 aligning our European offering with the U.S. and the U.K., we’re providing a single platform for card issuing, account and money movement, and program management, enabling our customers to launch and scale the card programs their customers rely on.”
The collaboration builds on Marqeta’s continued momentum in the region and supports its broader European platform strategy, following its acquisition of TransactPay and expansion of e-money capabilities.
By bringing together card issuing, virtual accounts and established European payment schemes, the partnership helps businesses design financial products that fit local market needs while supporting international growth.
“Our role is to provide the regulated banking and payment infrastructure that enables partners to scale confidently across Europe,” said Mikkel Gronlykke, President Banking Circle “By combining account functionality and money movement with Marqeta’s card issuing platform, we’re supporting more seamless payment experiences for businesses operating across borders.”
Read more here: https://investors.marqeta.com/news-releases
For media queries, please contact:
Banking Circle
Gaya Ananda
gaya@bankingcircle.com
About Banking Circle S.A.
Banking Circle S.A. is a public limited liability company (Société Anonyme) and credit institution headquartered in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF) as its home regulator. Banking Circle S.A. has branches in Denmark, Sweden, Germany, Norway, Poland, the Czech Republic and the UK, and subsidiaries in Liechtenstein, Singapore and Australia. As a fully licenced bank, Banking Circle S.A. enables payments companies and banks of any scale to seize opportunities in the new economy – quickly, at low cost.
Banking Circle S.A. is a modern correspondent bank committed to building a local clearing network for all major currencies, to deliver fast, low-cost payments with no hidden fees for the beneficiary. It provides a suite of unique and award-winning banking solutions, including multi-currency banking accounts and Virtual IBANs, bank connections for local clearing and cross-border payments, all underpinned by market leading compliance and security. Through bespoke, flexible, scalable and futureproof solutions Banking Circle S.A. is enabling financial institutions to help their customers transact across borders in innovative ways.
About Marqeta
Marqeta makes it possible for companies to build and embed financial services into their branded experience—and unlock new ways to grow their business and delight users. The Marqeta platform puts businesses in control of building financial solutions, enabling them to turn real-time data into personalized, optimized solutions for everything from consumer loyalty to capital efficiency. With compliance and security built-in, Marqeta’s platform has been proven at scale, processing nearly $400 billion in annual payments volume in 2025. Marqeta is certified to operate in more than 40 countries worldwide. Visit www.marqeta.com to learn more.
