Deutsche Bank has unveiled plans to integrate Wero, a European payment solution, into its merchant acceptance services.

Launching Wero in Germany

As part of the market launch of Wero in Germany, Deutsche Bank’s Merchant Solutions division is prepared to start accepting payments through this account-to-account digital payment system. This division specializes in addressing the diverse needs of businesses ranging from online shops to multinational corporations and offers tailored solutions for the e-commerce industry.

Expanding Payment Acceptance Across Europe

Deutsche Bank intends to enable its clients to accept Wero payments in all participating countries, including Germany, Belgium, and France. Following a successful launch in these regions, the bank aims to extend the service to the Netherlands and Luxembourg.

Focusing on Modern Payment Solutions

In line with Deutsche Bank’s goals in the payment space, the financial institution seeks to offer its clients a modern and European alternative to existing international payment solutions. This move is expected to provide secure and efficient services. Wero will be one of the core local payment methods offered by Deutsche Bank.

Deutsche Bank has shown particular interest from its clients, with some already expressing willingness to adopt Wero for their payment acceptance needs before the official rollout. The bank is a shareholder in the European Payments Initiative (EPI), which created Wero, and aims to be among the first providers offering this solution.

Recent Collaborations

In addition to integrating Wero, Deutsche Bank has been collaborating with Bolt for card acquiring services across Europe and the UK. This partnership involves using Silverflow’s payment infrastructure to process transactions, with Deutsche Bank acting as the card acquirer for Bolt. Bolt can leverage Deutsche Bank’s membership with Visa and Mastercard schemes to route payments through this infrastructure.