Payment entities bring their attention closer to eCommerce and digital transactions as online traffic continues to take precedence. Deutsche Bank announced their intention to acquire the Berlin-based payment provider and gateway solution, Better Payment, for an undisclosed sum. Better Payment provides a proprietary online gateway platform that can serve as a white labeled solution. This enables their customer base of approximately 1,500 retailers to accept online payments using their own branding. Deutsche Bank is planning to integrate Better Payment’s technology solutions into their existing product line over the next year. This acquisition better positions Deutsche Bank in the German payments landscape, while also allowing them to cross-sell their current suite of financial banking products to SMBs across the region.
In other M&A news, Entrust, a technology provider of digital payment identity and data protection solutions, announced their acquisition of Antelop Solutions this week. Based in France, Antelop Solutions provides digital card issuing capabilities to more than 40 financial institutions across 25 countries. This acquisition of Antelop complements Entrust’s existing products and brings together a more encompassed payments offering.