In September 2026, the US payment company TabaPay announced its plan to acquire the licensed bank Transact Bank. This target bank holds a national banking license issued by the Office of the Comptroller of the Currency (OCC) and is insured by the Federal Deposit Insurance Corporation (FDIC). It focuses on serving the payment technology industry, providing fintech-sponsored banking, account custody, and clearing services, and has direct access to the Federal Reserve’s clearing system and European and American payment networks. This acquisition aims to enhance TabaPay’s underlying banking infrastructure capabilities, thereby expanding its service capabilities in cross-border payments and compliance clearing. Currently, this transaction is pending approval from relevant regulatory authorities.
In September 2026, US payment company TabaPay announced its intention to acquire the licensed bank Transact Bank. This bank holds a national banking license from the Office of the Comptroller of the Currency (OCC) and is insured by the Federal Deposit Insurance Corporation (FDIC). It specializes in serving the payment technology industry, providing financial technology-sponsored banking, account custody, and clearing services. It has direct access to the Federal Reserve’s clearing system and connects to European and American payment networks. This acquisition aims to strengthen TabaPay’s underlying banking infrastructure capabilities and expand its service offerings in cross-border payments and compliance clearing. The transaction is still awaiting regulatory approval.