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SAP rolls out new commerce cloud payments solution

By Gloria Methri

March 15, 2024

  • Cloud Based Payments
  • Commerce Cloud
  • Digital Commerce
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SAP, commerce payments, cloud-based payments, fintech, SAP Commerce Cloud Germany, Europe SAP has announced a new composable payment solution to help retailers stay ahead of changing customer expectations. The new solution, SAP Commerce Cloud, an open payment framework, helps retailers become more agile as new payment options – such as buy now pay later – gain popularity.

The framework integrates SAP Commerce Cloud with numerous third-party payment service providers (PSPs), including Stripe, Adyen, Worldpay and Airwallex, based on their specific use cases. Additionally, SAP’s composable architecture allows retailers to cherry-pick payment partners tailored to their unique needs and international markets.

SAP Commerce Cloud’s seamless and native integration capabilities ensure PSPs can be rapidly adopted. It also reduces complexity by eliminating the need to integrate and deploy extensions to the commerce codebase.

“SAP’s unmatched industry expertise is the foundation of our strategy, as it enables us to deeply understand the complexities of delivering seamless and positive customer experiences that reinforce the brand promise with every interaction,” said Sven Denecken, Senior Vice President and Global Head of Product Marketing for SAP Industries & CX. “SAP’s unique, industry-led approach to composability places the retailer’s digital commerce needs front and center while we work with them to manage their digital transformation, navigate pathways to sustainable growth, and deliver on industry expectations.”

This no-code, low-code framework gives retailers a low-cost, adaptive, and agile payment system that can best fit their business and customer needs. It covers common payment needs and end-to-end payment processes across authorization, capture, refunds, and re-authorization, as well as automatic updates with security and compliance standards.

SAP Commerce Cloud can be implemented with agility across industries such as retail, automotive, consumer products, utilities, and many others globally through its headless and composable offering. The open payment framework for the solution is in beta, and SAP customers can join now. It is planned to be generally available in H2 2024.

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