PayPal expands DB ties

Deutsche Bank and PayPal have expanded a partnership, to broaden payment services across the United States, Europe and Asia‑Pacific.

The companies, in an announcement, said the expanded mandate builds on more than a decade of collaboration and aims to deliver enhanced payment solutions and greater operational resilience.

Under the agreement, Deutsche Bank will scale up merchant settlement and payouts and will begin withdrawals and collection solutions for PayPal in the United States. The bank will also support PayPal’s operations across Europe and Asia‑Pacific.

The collaboration is expected to build on the considerable volume Deutsche Bank already processes annually for PayPal, they noted in the announcement.

“By combining PayPal’s global reach with Deutsche Bank’s expertise in Cash Management and Merchant Solutions, we are adding more resiliency and diversification to our platform," said PayPal EVP Kausik Rajgopal.

"With this expansion we will be able to grow the commerce solutions we deliver to our customers worldwide.”

The Recap

• Deutsche Bank expands its payments mandate with PayPal globally.
• Bank will scale merchant settlement and payouts in the United States.
• Deutsche Bank will begin withdrawals and collection solutions in the US.