Media Release February 24, 2021

Deutsche Bank and Mastercard intensify their collaboration in the payments space

  • Joint development of innovative digital payment solutions for companies
  • Promising business segment: digital global payments clearing posts annual revenue growth of six percent, while number of transactions climbs 11 percent

Deutsche Bank and Mastercard are expanding their partnership to jointly develop innovations in the area of digital payments for business clients, thereby enabling companies to offer their products and services to new customer demographics, to develop digital business models and to expand sales channels in Germany and beyond.

These include digital platforms where firms can offer their products directly to consumers, for which they require an efficient payment management system for mobile and digital payments as well as a seamless integration of payment flows into their financial and accounting systems.

“The coronavirus pandemic has triggered exponential growth in corporates’ demand for digital payment solutions. Payments is the key interface between banks and their clients”, said Ole Matthiessen, Global Head of Cash Management at Deutsche Bank. “Worldwide only very few banks cover the entire spectrum of the payments area. This starts with card issuance and merchant acceptance and extends to cover payments clearing in the domestic and foreign markets as well as additional services such as currency hedging, cash flow forecasting or even fraud management services.”

“We are combining our technological expertise with the offering and the global presence of Deutsche Bank. This is a great opportunity to create new solutions for the complex issues pertaining to payments”, says Peter Bakenecker, Divisional President Germany and Switzerland at  Mastercard. “We have been collaborating for many years already and want to deepen our joint endeavours. The timing is ideal given current market developments, the imminent pandemic-induced shifts in global payments and companies’ accelerated digital transformation.”

Payments is a high growth segment 

With the coronavirus pandemic acting as a catalyst, payments is currently one of the fastest growing businesses in the banking industry, with revenues projected to grow by six percent per year until 2023 (source: McKinsey) and the number of transactions forecast to rise by 11 percent per year over the same period (source: Capgemini).

As one of the world’s leading banks in euro payments clearing and one of the main clearers of US dollar payments outside the US, Deutsche Bank is already among the biggest payment clearers worldwide.

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking, asset and wealth management products and services as well as dedicated capital markets products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

Über Mastercard

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.


This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

 By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2020 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from

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