SAP now moves customers' money through its own payment firm. It named no fee.
SAP launched SAP Pay at its Connect event, ERP Today reported on 7 October.
It is generally available in the US and UK for customers of SAP Cloud ERP, its cloud business software, and runs on Tereina, the regulated payment provider SAP founded in April.
SAP Pay pays invoices inside that software and matches payments to invoices or purchase orders. Customers need SAP's Multi-Bank Connectivity add-on. Bank transfers, wires and cheques are supported, along with cross-border payments using stablecoins.
Circle, the stablecoin issuer, said its USDC and EURC stablecoins, pegged to the dollar and the euro, are available to SAP customers through SAP Pay. The companies say the SAP ecosystem generates 84% of global commerce. Tereina and Circle plan customer programmes over the coming months to test its value.
Neither announcement names a fee. Treasury still needs that number to compare SAP Pay with its banks. A stablecoin payment also has its own costs: who converts the money into and out of USDC or EURC, and at what rate. Neither announcement says, and neither gives a customer count.
What would your treasury need to see before it moved cross-border payments into SAP Pay?
Image: AI-generated.
Sources
Our file on SAP
- 12 Oct
UBS said it expects SAP's cloud backlog to slow. SAP reports on 21 October.
- 11 Oct
SAP was in Germany's plan for government AI. Berlin has now dropped the plan.
- 10 Oct
SAP's user group asked firms about live AI. Only 3% ran SAP's.
- 9 Oct
SAP showed its AI finance assistants. ITOCHU first had to resolve 3,000 modifications.
- 8 Oct
SAP said old ERP on Oracle loses its patches after 2030. Even SAP-sold licences.
Every story here is open to read. The ERP LEADERS brief goes one step further.
The week in enterprise software, in one email: the stories that mattered, the failures with their figures, one case taken apart. Read a sample or sign up for the brief.
Welcome back. · Issue 01
6 comments on LinkedInRead the discussion
