TransferMate, a provider of embedded B2B payments infrastructure-as-a-service (IaaS), has partnered with SAP, a provider of enterprise application software, 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 the SAP Multi-Bank Connectivity solution.
The firm says that the partnership helps empower businesses to execute cross-border payments effortlessly within its SAP Cloud ERP or SAP S/4HANA Cloud environments.
It adds that the SAP Multi-Bank Connectivity solution offers a more streamlined way for SAP Cloud ERP and SAP S/4HANA Cloud users to connect to payment providers in order to send and receive funds with seamless execution.
Through this latest integration, businesses will now gain access to TransferMate's full suite of solutions including global payables, receivables and stored funds, directly within the SAP solution
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