Streamlined cross-border payments: TransferMate partners with SAP

TransferMate, a leading provider in the realm of embedded B2B payments infrastructure-as-a-service (IaaS), has announced a strategic partnership with the prominent enterprise application software provider, SAP. This collaboration is set to enhance cross-border payment services for businesses utilising SAP solutions.

Through this partnership, TransferMate will function as a non-bank payments provider, integrating with SAP's Multi-Bank Connectivity. This strategic move allows businesses using the SAP Cloud ERP or SAP S/4HANA Cloud systems to execute cross-border transactions directly, without resorting to external payment platforms.

The SAP Multi-Bank Connectivity solution is designed to offer a seamless way for users of SAP Cloud ERP and SAP S/4HANA Cloud to link with payment providers, facilitating the sending and receiving of funds. Thanks to this integration with TransferMate, businesses will now benefit from a comprehensive suite of solutions. This includes global payables, receivables, and stored funds, simplifying the international fund movement through a secure and fully regulated network.

As chosen facilitators for international payments, TransferMate provides a scalable and fully integrated B2B payments solution. This aims to support customers in their digital transformation efforts and respond to the rising demand for efficient global financial operations.

This collaboration represents a significant milestone for TransferMate, underlining its commitment to simplifying payments and treasury operations.