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Press release Novalnet SAP

Seamless Payments & Features Solution from Novalnet
Now Available on SAP ® Store

Press Release Novalnet SAP

By integrating with the SAP Commerce Cloud solution, the all-in-one, seamless payment solution from Novalnet delivers a secure and frictionless payment journey – fulfilling all payment requirements on a single platform

Munich – 18 March 2021 – Novalnet today announced that its all-in-one Seamless Payments & Features solution for SAP Commerce Cloud is now available on SAP ® Store, which recently merged with SAP App Center as the single digital marketplace for SAP and partner offerings. Novalnet's payment solution integrates with the SAP Commerce Cloud solution to help businesses maximise profitability and increase operational efficiency by extending value-added payment services on a single platform to its global clientele.

“Our goal is to set the highest standards in the payment world by constantly innovating to deliver newer features and functionalities,” said Gabriel Dixon, Founder and CEO of Novalnet. “To accelerate this process, we work with the best partners in the financial ecosystem to offer an advanced global payment platform for businesses around the world. With our Seamless Payments & Features solution now available on SAP Store, businesses that use SAP Commerce Cloud now have access to a comprehensive, agile and trusted payment solution to meet the demands of growing businesses.”

Novalnet provides businesses with a 'one-stop-solution' fulfilling all payment requirements and value-added services from checkout to debt collection. This includes 200+ payment methods, real-time fraud prevention and risk management, automated invoicing, subscription and member management, integrated marketplace solutions, receivables management, data analytics and customised reporting.

With a single integration on a single contract, global businesses can eliminate cross border charges by processing domestically in 150+ currencies with automated reconciliation in 25 currencies. Novalnet helps provide businesses a competitive edge by offering seamless buying experiences with a host of rich features such as smart payment selection, one-click, cross-shop payments, click and collect, global payment tokenisation, smart 3D Secure service, pay by link, transaction-specific IBANs and more.0

Novalnet’s solution allows customers to manage their global operations through granular reporting and data analysis that offers wider and deeper visibility into market trends, transactions and other processing metrics.

SAP recently brought together SAP Store and SAP App Center into one single marketplace at store.sap.com. It delivers a simplified and connected digital customer experience for finding, trying, buying, and renewing more than 1,800 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated partner apps they need to grow their business. And for each purchase made via SAP Store, SAP will plant a tree.

Novalnet is a partner in the SAP PartnerEdge® program. As such, it is empowered to build, market and sell software applications on top of market-leading technology platforms from SAP. The SAP PartnerEdge program provides the enablement tools, benefits and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract.

About Novalnet

Novalnet is a Munich-based Financial institute and one of the world’s leading payment companies providing an end-to-end solution that goes beyond payment acceptance. Located in 3 continents (Europe, North America & Asia), Novalnet offers a wide range of payment services across multiple channels allowing businesses to maximise profitability by allowing them to focus on their core business.

Press Release Novalnet SAP

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates.

For more information, press only:

Novalnet AG

Zahlungsinstitut (ZAG)

Feringastr. 4

85774 Unterföhring

Germany

http://www.novalnet.com

Contact person:

Marco M. Runge

PR- & Marketing-Manager

Telefon:+49 89 9230683-20

Fax: +49 89 9230683-11

E-Mail: presse@novalnet.de