SAP Pay adds USDC payments, with Circle Mint access required

Integration Overview

Circle has added a USDC payment route to SAP Pay through a partnership with payments provider Tereina, allowing eligible businesses to use stablecoins inside their existing SAP workflows. The integration is available to SAP customers and requires an institutional Circle Mint account, which depends on regional availability.

Use Cases and Benefits

Circle describes use cases for USDC including cross-border supplier payments, transfers between company entities, and settling accounts payable and receivable. The route works alongside existing banks, approvals, controls and reporting. Circle Mint connects to the SAP stack through an API to mint, redeem and manage USDC.

Access Requirements and Regional Limits

SAP customers must meet Circle’s account requirements, including background checks, identity verification, know-your-customer checks and sanctions screening. Mint is available only to institutions, excluding individual applicants. Circle’s onboarding requirements include processing that can take one day to a week or longer. The public regional descriptions differ, with SAP’s Connect guide saying SAP Pay is generally available in the US and UK, while its product-page terms limit transaction processing to customers or affiliates domiciled in the US or EU.

Future Development and Training

Tereina and Circle plan joint customer proof-of-value programs over the coming months and intend to develop adoption insights as implementations progress. The companies also plan to train treasury and payment specialists and work with ecosystem partners.