TransactPay

TransactPay provides BIN sponsorship, e-money issuing and virtual accounts for payment programmes in the United Kingdom and the European Economic Area. It also trades as Transact Payments, and operates through two entities: Transact Payments Limited and Transact Payments Malta Limited, with Gibraltar and Malta named as its countries.

Services

The listed services are BIN sponsorship, e-money services, virtual accounts and prepaid and debit programmes. Cards are issued on the Mastercard and Visa networks, and SEPA is the payment channel. The published target segment is businesses and enterprises, which is a description of focus and not a guarantee of eligibility.

How to read its role

TransactPay is a provider of financial infrastructure. Its products should not automatically be treated as bank deposits, and it should not be assumed to hold every BIN used in programmes that run through it. Which entity contracts with a programme, and under which authorisation, depends on the market and the agreement.

What to confirm

Before starting a programme, a business should ask the company which of the two entities will be the counterparty, which countries and currencies are covered, and what fees, limits and onboarding steps apply. These terms are not stated in the published description.