Deutsche Financial institution and Mastercard are intensifying their cooperation on funds from Reuters


© Reuters. FILE PHOTO: Illustrative photo of a Mastercard logo on a credit card


FRANKFURT (Reuters) – Deutsche Bank (DE 🙂 and Mastercard (NYSE 🙂 said on Wednesday that they would intensify their cooperation as the German lender seeks a larger share of the payment business.

The partnership will try to jointly develop digital payment solutions for companies.

McKinsey and Capgemini predict growth in digital payments revenue and transactions, and Deutsche Bank hopes the segment will generate additional revenue to further reduce costs.

“The coronavirus pandemic has resulted in an exponential increase in corporate demand for digital payment solutions,” said Ole Matthiessen, global head of cash management at Deutsche Bank.

Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may suffer from using this data.

Fusion Media or anyone involved with Fusion Media assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts and buy / sell signals. Please be fully informed about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.

Comments are closed.