PayPal and SAP team to simplify digital payments for customers
By Delisha Fernandes
SAP has expanded its integration with financial services company, PayPal, through the creation of a digital payments plug-in for the PayPal Braintree platform built on SAP Business Technology Platform (SAP BTP).
SAP BTP brings together data and analytics, artificial intelligence, application development, automation and integration into one unified environment. Using SAP BTP to build its digital payments processing solution, the financial services company can offer a plug-in for SAP customers to manage payments easily online.
“The payments space has undergone unprecedented disruption over the past couple years, driving companies to embrace more customer-centric, agile payments environments,” said David Bruce, VP, Channel Partnerships, PayPal. “That’s why the financial services company teamed up with SAP to develop the PayPal Braintree digital payments app, providing consistent, standard access for SAP customers to connect with PayPal’s payment processing solutions. We hope this is the first of many adaptors built on SAP BTP.”
As businesses face increasing demands and compliance requirements for payments, many have turned to digital wallets, automated clearing house (ACH) payments and credit cards for corporate transactions. With the PayPal Braintree Digital Payments connector, SAP customers can use all these funding sources to reduce costs and complexity.
The PayPal Braintree platform provides SAP customers with more payment choices. It is the only payment platform that supports PayPal, Venmo, credit and debit cards and popular digital wallets in a single integration. SAP customers who purchased the SAP digital payments add-on can easily connect to the financial services company with the plug-in, now available from the SAP Help Portal site.
Shane Gorman, Chief Operation Officer, Business Technology Platform, SAP, said, “It’s great to see technology companies like PayPal use SAP BTP to develop standard adaptors that our customers and partners can use during an implementation for a consistent customer experience and reduced complexity.”
IBSi Daily News Analysis
February 28, 2024
FinTech penetration in Southeast Asia will double by 2027, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage