Enterprise application software firm SAP has extended its collaboration with financial services company PayPal to streamline digital payments.
The partnership involves the creation of a digital payments plug-in for the PayPal Braintree platform, which is built on the SAP business technology platform (SAP BTP).
By leveraging SAP BTP to develop its digital payments processing solution, PayPal can provide a plug-in for SAP customers to manage payments easily online.
PayPal channel partnerships vice president David Bruce said: “The payments space has undergone unprecedented disruption over the past couple years, driving companies to embrace more customer-centric, agile payments environments.
“That’s why PayPal 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.”
SAP BTP combines data and analytics, application development, artificial intelligence (AI), automation and integration into one single platform.
SAP customers will also be able to utilise all the funding sources to reduce costs and complexity with the PayPal Braintree digital payments connector.
Besides, the PayPal Braintree platform offers SAP customers more payment choices. It is the only payment platform that supports PayPal, Venmo, credit and debit cards and most digital wallets in a single integration, said SAP.
Furthermore, SAP customers who bought the SAP digital payments add-on can seamlessly connect to PayPal with the plug-in, which is available from the SAP help portal site.
According to SAP, customers will also benefit from improved efficiency, cost savings, security and transparency, with the plug-in’s smooth integration with SAP software environments.
SAP business technology platform chief operation officer Shane Gorman 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.”