CORPORATE PROFILE OF DEUTCHE GROUP PLC DEUTCHE GROUP PLC is the PARENT COMPANY, an International Corporation and under the name of the company, there are 55 subsidiary companies that are currently operating in various countries. All the subsidiaries are fully owned subsidiaries with the effective control of 100%. Merchant Acquiring& Card Payment Processing Business: DEUTCHE GROUP PLC established M/S Deutche Payment processing in Chandigarh, India in the year 2006, signed up MSP contract with leading bank in India with a vision to offer the best technology mechanism in India to various Merchants, specially creating more room for New Dot Com companies entering into the foray of e-commerce online businesses. DEUTCHE GROUP PLC offered internet payment gateway solutions to merchants to be able to take card payments through their website for those companies who have more than 6,300 signed up and transaction over $72 million in the first year of operation. Took it international to Europe by setting up Deutche payment processing, Ltd. In London, UK and catered to European merchants by signing off PSP contracts with various banks in the UK and in the European region in the year 2008. This boosted the transactions of M/S Deutche Payment processing to over $312 million and signed up over 57,236 merchants in the year 2008. The business kept growing at a rapid pace showing consistent growth of over 25%-30% every fiscal quarter and making it one of the most potential and successful business for the group. Group also established Deutche Payment processing Inc in 2012 and company has more than 300,000 merchants in Asia Pacific, European Region and America as of 2013 with transactions over $3.60 billion. DEUTCHE GROUP PLC has established in order to boost its Merchant Acquiring Business by acquiring a bank and becoming a merchant acquirer by signing off contract with VISA, MASTER CARD, AMERICAN EXPRESS and DISCOVER CARD PROCESSING NETWORK. Acquisition of Bank will also boost the results with a humongous growth rate of 120% - 150% per fiscal year and creating more than 5000 jobs in the Virginia area.
Posted on: Sat, 15 Jun 2013 01:29:13 +0000
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