Digital Currency Hub Reshapes Enterprise Finance
The Future of Cross-Border Payments | Powered by SAP Digital Currency Hub
For decades, cross-border payments have been slow, expensive, and opaque—especially for SMEs. In today’s digital economy, money should move as fast as ideas. Yet businesses still face delays of up to 7 days and fees reaching $50 per transaction.
In 2023, the global payments industry processed 3.4 trillion transactions worth $1,800 trillion, generating $2.4 trillion in revenue. Cross-border payments made up 12% of that, with commercial transactions dominating. But outdated infrastructure continues to hold businesses back.
Stablecoins are changing that. Pegged to fiat currencies like USD, EUR, or JPY, they offer near-instant settlement, lower fees, and full transparency—without the volatility of traditional crypto. In 2023, stablecoin settlement volumes surpassed $3.6 trillion globally, with over $2.3 trillion in real payments, P2P transfers, and remittances.
To help enterprises integrate stablecoins into their operations, SAP launched the Digital Currency Hub—an enterprise-grade solution offering 24/7 instant payments, ERP integration, multi-currency support, and self-custody wallets. It’s already live: in September, PayPal paid EY using PY-USD on Ethereum via SAP’s Hub.
With initiatives like the UAE’s AED Stablecoin, startups and SMEs now have access to stable, cost-effective tools for international and domestic transactions.
📘 Learn more in our Special Report: The State of Fintech in the Middle East, powered by SAP.
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