logo

TransactPay signs with Griffin

Finextra02-06-2025
TransactPay, a leading provider of UK & European BIN sponsorship and modular payment, debit, credit and prepaid services, has partnered with Griffin, the UK's leading bank for fintechs and platforms.
7
This partnership strengthens TransactPay's banking infrastructure and enhances its product offering for card programs in the UK.
Building on successful collaborations co-servicing multiple businesses including Yonder and one of the world's biggest global consumer technology brands (to be announced later this year), this formal partnership allows TransactPay to leverage Griffin's infrastructure for safeguarding, operational accounts, payments and savings.
TransactPay can now streamline its operations with dedicated safeguarding accounts for e-money programs, operational accounts for working capital and card scheme obligations, and easy access savings accounts to offer alongside its card products. Griffin's infrastructure will also support faster payments and book transfers with FSCS protection on customer accounts of up to £85,000 per eligible depositor.
Speaking on the partnership, Aaron Carpenter, CEO at TransactPay said, 'All of our touchpoints with Griffin over the last couple of years have been great - pragmatic, flexible, and focused on getting the best outcome for the customer. We're delighted to be making our relationship official and look forward to working with them on some exciting new projects.'
David Jarvis, CEO and co-founder at Griffin added: "We've worked with TransactPay on multiple projects that have allowed both teams to see the power of combining their card issuing expertise with our banking infrastructure. We're excited to now formalise this partnership and provide the banking support that will enable TransactPay to compete more effectively and deliver even more value to their card program partners in the UK and beyond."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Telecoms boss lands record £131m payday
Telecoms boss lands record £131m payday

Telegraph

time8 minutes ago

  • Telegraph

Telecoms boss lands record £131m payday

The boss of a little-known UK telecoms business was handed a record £131m last year, marking the highest-ever package paid by a London-listed business. Eamonn O'Hare, who runs Zegona Communications, received a £129m bonus in 2024, on top of £2m in annual pay and benefits. The company's operations chief, Robert Samuelson, also took home a total package of £66m. By contrast, the average remuneration for an FTSE 100 chief executive last year was £4.2m. The lucrative pay awards were made after Zegona acquired Vodafone's Spanish arm for £4.4bn last year. Mr O'Hare and Mr Samuelson, both former Virgin Media executives, launched Zegona a decade ago to buy up struggling assets in the telecoms sector and turn them around. Zegona went public in 2015 with a float on London's AIM junior exchange, when it raised £30m. However, its value has since soared after undertaking a series of deals, buying up unloved assets and selling them on for profit.

Liverpool agree £65m deal to sell Luis Diaz to Bayern Munich after forward requested to leave and was dropped for pre-season
Liverpool agree £65m deal to sell Luis Diaz to Bayern Munich after forward requested to leave and was dropped for pre-season

Daily Mail​

time8 minutes ago

  • Daily Mail​

Liverpool agree £65m deal to sell Luis Diaz to Bayern Munich after forward requested to leave and was dropped for pre-season

Liverpool have agreed to sell Luis Diaz to Bayern Munich in a £65million deal. Mail Sport understands the forward first requested to leave the club last summer and he will fly out from Tokyo in the next 24 hours to join up with his new team-mates. Colombian international Diaz has been a long-term target for the Bundesliga champions despite them seeing an initial bid worth £58.5m rebuffed. Negotiations resumed in recent days and a second official approach has now been accepted. Diaz, who arrived at Anfield for an initial £37m fee in January 2022, was dropped for the Reds' squad to play AC Milan in their latest pre-season friendly. Boss Arne Slot admitted his absence from the 4-2 defeat was directly linked to his uncertain future, saying: 'In Lucho's situation it was, yeah. 'There are a lot of rumours around it lately and I cannot go into that. But he is training really well with us and we have decided, for now, not to play him yet. More to follow.

Bank a tidy profit by swerving the Big Four: Our shares guru's expert advice on the smaller fish financial firms to invest in - including one that's up 80% since she first tipped it two years ago
Bank a tidy profit by swerving the Big Four: Our shares guru's expert advice on the smaller fish financial firms to invest in - including one that's up 80% since she first tipped it two years ago

Daily Mail​

time8 minutes ago

  • Daily Mail​

Bank a tidy profit by swerving the Big Four: Our shares guru's expert advice on the smaller fish financial firms to invest in - including one that's up 80% since she first tipped it two years ago

Banks are a bit of a hobby horse for me. My first job in journalism involved international banking and finance; I was a banking correspondent for years, and I've maintained a keen interest in the industry ever since. It's been a bumpy ride, particularly for the so-called Big Four – Barclays, HSBC, Lloyds and NatWest. Pummelled by the Global Financial Crisis, prodded and poked by online start-ups and squeezed by years of low interest rates, mainstream lenders disappointed investors for years.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store