Deutsche Bank and Mastercard partner to Power Merchant Solutions with open banking payments
Netherlands, June 3 -- Deutsche Bank and Mastercard are proud to announce a strategic partnership designed to accelerate the evolution of open banking and redefine the payment experience for merchants and consumers across Europe. The collaboration will elevate Deutsche Bank's Merchant Solutions offering, particularly its Request to Pay (R2P) service, by introducing new levels of choice, flexibility, and efficiency with account-to-account based payments on Mastercard's trusted open banking network. With open banking and account-to-account (A2A) payments rapidly gaining momentum across Europe this partnership positions Deutsche Bank and Mastercard at the forefront of payment innovation enabling merchants to offer "Pay by Bank" functionality t...
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