Deutsche Bank Acquires Stakes in Australian Paytech DataMesh to Underpin Its Ambitions in APAC

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. 

Ole Matthiessen, Global Head of Cash Management and Head of Corporate Bank APAC, said: "With its investment in DataMesh, Deutsche Bank underpins its ambitions in the region. In a first step, Deutsche Bank is launching the solution in India. Over the course of 2023, the bank will be able to offer online payment acceptance in five more markets (Australia, South Korea, Thailand, Indonesia and Vietnam) as part of its broader international rollout of the strategy."

Mark Nagy CEO of DataMesh said: "DataMesh assists banks to significantly enhance their merchant solutions capabilities. Given Deutsche Bank's position as a true 'Global Hausbank', they are perfect partner to enable DataMesh's international expansion plans. We are delighted to also welcome Deutsche Bank as a shareholder."