Deutsche Bank and Bitpanda Offer Real-Time Payment Solutions in Germany

Deutsche Bank and Bitpanda Offer Real-Time Payment Solutions in Germany

Bitpanda and Deutsche Bank have expanded their partnership to provide real-time payment solutions and local IBANs for users in Germany.

Bitpanda, a European digital asset trading platform, has announced an expansion of its partnership with Deutsche Bank to offer real-time payment solutions. 

This collaboration will allow Bitpanda to integrate transactional accounts into its B2C broker platform, providing users in Germany with a seamless and secure experience when depositing or withdrawing fiat currency.

As part of the partnership, Deutsche Bank will offer real-time payment solutions for both incoming and outgoing transactions made by Bitpanda customers. This means that when users deposit or withdraw fiat from their Bitpanda accounts, the transactions will be processed through Deutsche Bank.

Additionally, Deutsche Bank will provide Bitpanda with local International Bank Account Numbers (IBANs) in Germany, further streamlining the user experience. The integration of Deutsche Bank’s API-based account solution will grant Bitpanda access to German IBANs, ensuring confidence, speed, and efficiency for its users.

This partnership represents a significant milestone for the digital assets industry, as it is the first time a Tier 1 bank has collaborated with a crypto company to deliver an integration of this product density and footprint.

Bitpanda, a regulated multi-asset broker platform, offers more than 2,800 selected virtual assets, indices, stocks, ETFs, and commodities to retail investors. The company believes that cooperation with traditional financial services providers is crucial for shaping the future of the financial services industry and has made it a strategic goal throughout 2024.

Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, emphasised the importance of bringing together the best parts of the industry to create real value for people. He stated, “Deutsche Bank’s commitment to working with new and innovative players in the financial industry continues to make our partnership possible. From today, we can access a range of Deutsche Bank’s products, unlocking benefits for our team and our users.”

Kilian Thalhammer, Global Head of Merchant Solutions at Deutsche Bank, expressed confidence in partnering with Bitpanda, a recognised and regulated fintech provider, to build a secure and trusted environment for users in the innovative field of virtual asset investing. He added that the partnership represents a key milestone in Deutsche Bank’s strategy to be the bank of choice for high-potential platforms, actively engaging with leading industry players to shape the emerging ecosystem.