Deutsche Bank ( DB ) has launched in Australia, India, Indonesia and South Korea its merchant solutions payment platform, which provides the bank’s clients with a global payment acceptance platform and access to a diverse range of local payment methods in these four markets.

The launch, the bank notes, is further to its strategic investment in the Australian paytech company, DataMesh Group, which the bank announced in February 2023.

Through this collaboration, the bank leverages DataMesh’s payment orchestration layer, allowing it to work with individual payment acquirers, and enable merchants in Australia, India, Indonesia and South Korea to accept payments through online methods within individually regulated currency zones.

DataMesh consolidates cross-border payment data and enables the bank’s clients to centrally manage their payments across currency borders and different jurisdictions.

The bank says it will continue to roll out it s merchant solutions capabilities across Asia over the next few years, prioritizing Thailand, Vietnam, Philippines, Singapore, Malaysia and Hong Kong, and will focus on offering key local payment methods and helping clients to simplify connectivity to global payment acceptance platforms.

Revenue in the e-commerce market in Asia is projected to reach US$1.97 trillion this year, and it is expected to show an annual growth rate of 9.8%, according to Statista, resulting in a projected market volume of US$3.15 trillion by 2029.

“We see significant potential,” says Oliver von Quadt, the bank’s head of merchant solutions for Asia-Pacific and the US, “for our Merchant Solutions business in the region, which houses some of the fastest growing and most exciting e-commerce markets in the world.”