SAP and Visa Digitalize B2B Payments for APAC Enterprises
SAP News, Tuesday, June 27,2023
SAP SE and Visa announced that they are collaborating to streamline and simplify business-to-business (B2B) payments for businesses of all sizes.
Starting with the Asia-Pacific market, the collaboration will embed payments into the SAP ecosystem through SAP Business Technology Platform (SAP BTP), further digitalizing and speeding up B2B payments across Asia-Pacific's supply chains.
This is the first time that Visa and SAP will join forces to explore embedded finance in the B2B market through SAP BTP to offer convenient B2B payment services to SAP customers. Many businesses in Asia Pacific, especially smaller ones, lack the resources to digitalize B2B payment acceptance and are unable to accept commercial card payments. Through this collaboration, the B2B payment services running on SAP BTP will inject more automation into payments and help enterprises drive further efficiency in their purchasing as they make payments securely with just a few clicks.