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Marqeta to Acquire TransactPay, Strengthening Card Program Management Capabilities in the UK and Europe

1. Marqeta to acquire TransactPay, boosting embedded finance capabilities. 2. The acquisition will enhance Marqeta's presence in the UK and EEA markets.

M&A
+21.08%Current Return
VS
-1.6%S&P 500
$3.5102/26 04:33 PM EDTEvent Start
$4.2502/27 11:07 PM EDTLatest Updated
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FAQ

Why Bullish?

Acquisitions typically enhance growth potential. Previous similar acquisitions have positively influenced stock values, indicating investor confidence.

How important is it?

The acquisition strengthens Marqeta's competitive position, impacting future growth prospects positively.

Why Long Term?

The strategic acquisition will take time to realize benefits. Long-term investors usually reward companies that adapt and expand.

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PAYSQPYPL
OAKLAND, Calif. & GIBRALTAR--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world's innovators and TransactPay, a BIN Sponsorship provider that is licensed as an E-Money Institution (EMI) to issue e-money and undertake payment services in the UK and European Economic Area, today announced that they have entered into an agreement under which Marqeta will acquire TransactPay. This transaction will significantly streng.

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