Deutsche Bank invested in fintech venture ModoPayments - @omr.dgli

Deutsche Bank became a partner to US-based ModoPayments to do new work, especially on mobile wallets and P2P networks. Deutsche Bank decided to move with an attempt to make successful work in the payment area, taking the company's half-life.

Deutsche Bank will use Modo technologies for growth on non-bank platforms.

The fact that the German bank owns half of its shares in a US company is an important strategic investment, as Deutsche Bank seeks to mediate and make payments to non-traditional channels such as Alipay, Paypal, M-Pesa and WeChat in its vision. perceptible. Because there are important differences between European Union regulations and US regulations. It is not difficult, however, to realize that the purpose of Deutsche Bank is to engage in international work in this sense.

Deutsche Bank is acting as a non-bank platform partner to the rapid growth focus in the payment field. Many other banks have seen up to now that they are buying or partnering with pay-per-view initiatives in this area. However, Deutsche Bank seems to be offering its customers a payment-oriented product that will offer new services to its corporate customers, especially in the near future, with the strategic step that it is taking.

Steemit: @omr.dgli