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TransferMate, a provider of embedded B2B payments infrastructure-as-a-service, has partnered with SAP to deliver enhanced cross-border payment services to businesses using SAP solutions. Through this partnership, TransferMate acts as a non-bank payments provider with an integration to SAP Multi-Bank Connectivity.
The partnership enables businesses using SAP solutions to execute cross-border payments within their SAP Cloud ERP or SAP S/4HANA Cloud environments, removing the need for external payment platforms.
The SAP Multi-Bank Connectivity solution offers a streamlined way for SAP Cloud ERP and SAP S/4HANA Cloud users to connect to payment providers to send and receive funds. Through this integration, businesses will gain access to TransferMate's suite of solutions including global payables, receivables and stored funds, directly within the SAP solution, through a regulated and secure network.
Having been selected to facilitate international payments, TransferMate can deliver a scalable, fully integrated B2B payments solution that supports customers' digital transformation strategies and their need for efficient, global financial operations.
The collaboration marks a milestone for TransferMate, reinforcing its commitment to simplifying payments and treasury operations.
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