Deutsche Bank has entered into a partnership with Bolt to launch card acquiring services in Europe and the United Kingdom.
This collaboration involves Deutsche Bank as the card acquirer for Bolt, utilizing Silverflow’s payment infrastructure. Bolt will be able to process card transactions via Visa and Mastercard efficiently under this arrangement.
Deutsche Bank’s membership with the schemes will enable Bolt to route payments through Silverflow. The settlement of funds from card transactions will occur between Deutsche Bank and the payment schemes, which will then be distributed to Bolt by Deutsche Bank.
Details of the Partnership Between Deutsche Bank and Bolt
The official press release emphasizes that this partnership strengthens Deutsche Bank’s position in the European payments market. It also complements the recent collaboration with Silverflow, aimed at modernizing card processing and introducing optimized acquiring models.
Key features of the solution include live card acquiring for Bolt in Europe and the UK starting from April 2025, access to Deutsche Bank’s membership with the schemes for transaction routing through Silverflow, settlement of card proceeds by Deutsche Bank, and payouts to Bolt. The service integrates seamlessly with Visa and Mastercard scheme infrastructure.
Both companies will continue to focus on meeting the evolving needs and demands of their clients and users, ensuring compliance with industry regulations and laws.
