Tereina Launches Payments Technology for SAP Users
Date: Oct 6 (Reuters)
Tereina, a payments company partially owned by SAP, has launched new technology enabling businesses to pay suppliers, employees, and affiliates directly from their existing SAP software. This service supports transactions in both traditional currencies and stablecoins.
Key Highlights:
- Integrated Payment Layer: Tereina introduces a payments solution within business software, facilitating seamless money tracking.
- Transition from Previous Model: Previously, SAP allowed customers to connect their own payment providers, but now they can use Tereina’s offerings directly.
- Subscription Model: Existing SAP customers can access SAP Pay services as part of their contracts.
- Comparison to Apple Pay: CEO Cedric Bru likens the new service to Apple Pay, emphasizing its native functionality within the SAP system.
- Development Background: The technology was developed over two and a half years, primarily in the last 18 months, with a dedicated team in San Francisco.
- Cost Efficiency: Tereina collaborates with other payment providers, aiming to reduce payment costs for businesses by 25%.
For more details, refer to the full article by Leo Marchandon, edited by Milla Nissi-Prussak.
