Deutsche Bank and Mastercard have deepened their long-standing relationship with a new strategic partnership aimed at transforming the European payments landscape through the power of Open Banking.
Deutsche Bank alliance on Open Banking
Unveiled at Money 20/20 in Amsterdam, the collaboration underscores a shared commitment to advancing account-to-account (A2A) payments and scaling innovative solutions for merchants and consumers alike.
At the core of the partnership lies the integration of Mastercard’s Open Banking technology into Deutsche Bank’s Merchant Solutions platform.
This move enhances Deutsche Bank’s Request to Pay (R2P) service, offering real-time, account-based payments that promise immediate confirmation, faster settlement, and improved reconciliation for merchants.
“Open Banking is reaching an inflection point in Europe,” said Killian Thalhammer, Global Head of Merchant Solutions at Deutsche Bank.
“This partnership with Mastercard allows us to meet rising demand for secure, instant, and scalable payment options. Together, we are redefining how money moves in a digital-first economy.”
For merchants, the collaboration brings the ability to offer “Pay by Bank” functionality – a frictionless A2A payment option that allows consumers to authorise transactions directly from their bank accounts.
As pressure mounts on traditional card-based payments from regulators and fintech disruptors, R2P emerges as a compelling alternative, delivering cost-efficiency and transparency without compromising speed or security.
Mastercard’s EVP and Head of Open Banking Europe, Valerie Nowak, noted that the expanded alliance builds on years of cooperation.
“Combining Deutsche Bank’s extensive merchant base and payment expertise with our trusted Open Banking infrastructure, we’re delivering next-generation payment experiences that are secure, streamlined, and fit for the future.”
As the adoption of Open Banking accelerates, particularly in regulated markets such as the EU and UK, this partnership positions both players at the forefront of digital payments innovation.
Existing Deutsche Bank R2P clients will be transitioned to the enhanced platform, ensuring continuity while unlocking the benefits of advanced Open Banking capabilities.
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