Deutsche Bank and DOKU Collaborate on Cross-Border Payments in Indonesia
Deutsche Bank and DOKU, a leading Indonesian payments platform, collaborated on cross-border payments solutions aimed at improving payment flows in the Indonesian market. The partnership was recognized at the TMI Awards for Innovation and Excellence in February 2025, where Deutsche Bank received the 'Bank Fintech Collaboration in Payments' award for the collaboration. Deutsche Bank contributes its global correspondent banking network and cross-border payments infrastructure, while DOKU provides local payments expertise and merchant connectivity in Indonesia.
The collaboration addresses the growing demand for seamless cross-border payment capabilities in Southeast Asia's largest economy. By combining Deutsche Bank's international reach with DOKU's local market presence, the partnership aims to simplify and accelerate cross-border transactions for businesses operating in or with Indonesia. Specific financial terms and technical details of the integration were not disclosed.
The award recognition highlights the partnership as a model for bank-fintech collaboration in the payments space.
- Global banks increasingly partnering with local fintech platforms to compete in Southeast Asian payments markets
- Award recognition elevates the bank-fintech collaboration model as an industry best practice in cross-border payments