Deutsche Bank has expanded its interest in non - bank payment platforms by acquiring an equity stake in US start - up , ModoPayments . The bank will now focus more on mobile payments and peer - to - peer networks , utilizing Modo 's technology to help expand its business - to - business and business - to - customer digital payment services . Deutsche Bank reportedly intends to take advantage of such payment platforms as Alipay and visa , in addition to its existing services .
Deutsche Bank has expanded its interest in non-bank payment platforms by buying an equity stake in US start-up, ModoPayments. The bank will now focus more on mobile wallets and peer-to-peer networks, using Modo's technology to help expand its business-to-business and business-to-customer digital payment services. Deutsche Bank reportedly hopes to take advantage of such payment platforms as Alipay and PayPal, in addition to its existing services.