
Recent customers of insurers expect them to be able to buy and pay for insurance products online. The trend has just intensified due to the coronavirus pandemic and the resulting contact restrictions. The option of paying with digital payment methods (PayPal, GooglePay, and so on) attracts these customers, the insurer presents himself as a company at the level of time and increases its attractiveness in the relevant target groups. In addition, the termination rate in the online application process is significantly reduced by the provision of several digital payment methods. As a result, new customer groups can be developed, tied to the company, and thus market share can be secured.
SAP therefore provides integration platform SAP digital payments add-on running in the SAP Cloud Platform (public cloud), enabling out-of-the-box and standardized connections between various business applications and the PSPs (Payment Service Provider). The built-in integration to various SAP / non-SAP products and components is extended with the integration of FS-CD payment plan interface.
SAP FS-CD and Digital Payment add-on / Source: SAP
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