Global Processing Services
GPS Apex powers card issuer processing for global fintechs and digital banks.
Global Processing Services provides GPS Apex, a multi-award-winning issuer processing platform that enables fintechs, digital banks, and embedded finance providers to process and manage credit, debit, and prepaid card transactions globally. Built by payment experts, the platform integrates seamlessly with issuers, program managers, card manufacturers, and service providers, powering next-generation payment segments including BNPL, expense management, B2B payments, crypto, and open banking. As of January 2022, GPS services operate in 48 countries, have processed 1.3+ billion transactions, and support 190 million issued cards across 180+ clients using 150+ currencies.
Problem solved
Fintechs and digital banks lack a scalable, globally-compliant card issuer processing platform that integrates with multiple partners while enabling rapid innovation in emerging payment segments.
Target customer
Fintechs, digital banks, challenger banks, and embedded finance providers issuing payment cards globally. Specific segments include BNPL providers, B2B payment platforms, crypto exchanges, expense management platforms, and open banking providers.
Founders
C
Craig Dewar
Founder
Co-founded Global Processing Services in Douglas, Isle of Man in 2007.
T
Tony Kerr
Founder
Co-founded Global Processing Services in Douglas, Isle of Man in 2007.
Funding history
Growth
£44M
2018
Led by Dunedin
· Unknown
Corporate Round
$58M
October 2020
Led by Unknown
· Visa
Series Growth
$300M
October 2021
Led by Advent International, Viking Global Investors
· Unknown
Extension
$100M
January 2022
Led by Temasek, MissionOG
· Advent International, Viking Global Investors, Mastercard
Total raised:
$400M
Industries
Notable customers
Revolut, Starling Bank, Curve, Zilch, Paidy, Pockit, Volt Bank, Loot, Stocard, Glint, Osper
Integrations
Visa, Mastercard, Vacuumlabs, 40+ issuing banks, 180+ card program partners
Website
Competitors
Global Processing Systems
Competing issuer processor with broader enterprise focus.
BEKEN Payment Systems
Alternative card processing platform with different regional strengths.
QRails
Fintech payments infrastructure with different integration approach.
Pace Payment Systems
Regional payment processor with narrower geographic coverage than GPS.
Why this matters: GPS closed a $400M funding round in January 2022 led by Advent International and Viking Global with participation from Temasek, MissionOG, Visa, and Mastercard—a rare show of consensus from both payment networks and tier-1 PE. The company powers some of Europe's most successful fintechs (Revolut, Starling) and is uniquely positioned in the BNPL and embedded finance explosion with a fintech-native platform that legacy processors cannot match.
Best for: Digital banks, fintechs, and embedded finance providers that need a globally-compliant, scalable card issuer processor supporting rapid innovation across emerging payment segments.
Use cases
BNPL Platform Launch
A fintech launching a Buy Now Pay Later card product can integrate with GPS Apex to immediately access card issuance, transaction processing, and compliance capabilities across 48 countries without building infrastructure in-house. The platform handles multi-currency transactions and regulatory requirements, allowing the fintech to focus on customer acquisition and product differentiation.
Multi-Currency B2B Payments
A B2B payments platform uses GPS Apex to issue virtual corporate cards that support 150+ currencies and real-time settlement. The integration with 40+ issuing banks enables the platform to offer cards to enterprise clients globally while GPS handles the complex transaction routing and compliance across jurisdictions.
Digital Banking Expansion
A regional digital bank scaling internationally leverages GPS Apex to launch card programs in new markets without delays. Pre-built integrations with Mastercard and Visa, combined with existing relationships in 60 countries, enable the bank to go live in weeks rather than months.
Expense Management Solution
An expense management startup embeds card issuance into its platform by integrating with GPS Apex. The platform enables real-time transaction processing, spending controls, and integration with accounting software, allowing the startup to differentiate on user experience while GPS handles the complex payments infrastructure.
Alternatives
Marqeta
US-focused issuer processor with strong developer tooling; GPS has deeper APAC presence and stronger European fintech relationships.
i3 Verticals Payment Systems
Larger enterprise payment processor; GPS specializes in fintech-native integrations and emerging payment segments like BNPL and crypto.
Fiserv Issuer Solutions
Traditional enterprise platform with legacy integrations; GPS offers cloud-native architecture and faster time-to-market for fintechs.
FAQ
What does Global Processing Services do? +
GPS Apex is an issuer processing platform that enables fintechs, digital banks, and embedded finance providers to issue and process credit, debit, and prepaid cards globally. The platform handles transaction processing, compliance, and integration with card networks, issuing banks, and program managers, supporting emerging payment segments like BNPL, crypto, B2B payments, and open banking.
How much does Global Processing Services cost? +
Pricing is not publicly available. GPS operates on an enterprise model with custom pricing based on transaction volume, card issuance, and geographic scope. Contact their sales team for a quote.
What are alternatives to Global Processing Services? +
Marqeta (US-focused issuer processor with developer APIs), Fiserv Issuer Solutions (traditional enterprise platform), and i3 Verticals Payment Systems (larger enterprise player). GPS differentiates with fintech-first design, APAC strength, and emerging segment focus.
Who uses Global Processing Services? +
Target customers include digital banks (Starling, Revolut), fintech platforms (Curve, Zilch, Paidy), and embedded finance providers. As of January 2022, GPS serves 180+ clients across 60 countries, processing 1.3+ billion transactions annually and supporting 190 million issued cards.
How does Global Processing Services compare to Marqeta? +
Marqeta is US-focused with stronger developer tooling and API-first design for embedded use cases. GPS has deeper European fintech relationships, broader APAC expansion, and stronger integrations with traditional issuing banks. GPS is better for fintechs seeking bank partnerships; Marqeta excels for embedded payments in non-financial platforms.
Tags
payment processing
card issuance
issuer processor
BNPL
embedded finance
open banking
B2B payments
digital banking
multi-currency
compliance