Deutsche Bank has acquired a strategic stake in Australian paytech DataMesh Group to accelerate the buildup and service offering of the bank’s merchant solutions business across Asia Pacific. Deutsche Bank and DataMesh did not disclose financial terms of the transaction.
With DataMesh’s Unify payment orchestration layer, Deutsche Bank can operate seamlessly with individual acquirers in different countries, enabling merchants to accept payments through online methods within individually regulated currency zones.
DataMesh consolidates the payment data cross border and enables Deutsche Bank clients to centrally control their payments across these currency borders and different jurisdictions. The APAC region combines more than 10 currencies and more than 40 different payment methods.
Ole Matthiessen, Global Head of Cash Management…