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by Fintechnews Switzerland
March 18, 2024
SAP introduced a brand new composable cost answer to assist retailers keep forward of fixing buyer expectations.
The brand new answer, SAP Commerce Cloud, open cost framework, helps retailers turn into extra agile as new cost choices – reminiscent of purchase now, pay later – achieve reputation.
The framework integrates SAP Commerce Cloud with quite a few third-party cost service suppliers (PSPs), together with Stripe, Adyen, Worldpay and Airwallex, based mostly on their particular use case. Moreover, SAP’s composable structure permits retailers to select cost companions tailor-made to their distinctive wants and worldwide markets, enabling them to construct at their very own tempo, scale their enterprise sooner and keep away from being confined to a single supplier.
Sven Denecken
“SAP’s unmatched {industry} experience is the inspiration of our technique, because it allows us to deeply perceive the complexities of delivering seamless and optimistic buyer experiences that reinforce the model promise with each interplay,”
mentioned Sven Denecken, Senior Vice President and International Head of Product Advertising and marketing for SAP Industries & CX.
“SAP’s distinctive, industry-led method to composability locations the retailer’s digital commerce wants entrance and middle whereas we work with them to handle their digital transformation, navigate pathways to sustainable progress, and ship on {industry} expectations.”
This no-code, low-code framework offers retailers a low-cost, adaptive, and agile funds system that may greatest match their enterprise and buyer wants. It covers widespread cost wants and end-to-end cost processes throughout authorization, seize, refunds, and re-authorization in addition to automated updates with safety and compliance requirements.
Featured picture credit score: edited from freepik
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