SEPA (Single Euro Payments Area) is one of the well-used Payment Formats across European countries and regions in Euro currency. You may have noticed that Payment Medium Formats for SEPA_CT (Credit Transfer) and SEPA_DD (Direct Debit) have changed into country-specific CGI_XML_CT and CGI_XML_DD formats. Which benefits can these changes bring it to you?

Regarding integration, it is important to clarify a few points:

  • SEPA_CT is fully integrated with all country-specific into CGI_XML_CT (Credit Transfer pain.001.001.03) e.g. German SEPA_CT -> DE_CGI_XML_CT
  • SEPA_DD is fully integrated with all country-specific into CGI_XML_DD (Direct Debit pain.008.001.02) e.g. German SEPA_DD -> DE_CGI_XML_DD
  • CGI (Common Global Implementation initiative) has acceptance of ISO 20022 XML

The benefits of the integration are:

  • CGI has broader usage than SEPA
  • CGI_XML_CT and CGI_XML_DD allow International Payments in a currency other than Euro or International Payments to third countries
  • Simplification of maintenance – the same Payment Medium Formats for SEPA and non-SEPA payments

List of all Payment Medium Formats for SAP S/4HANA Cloud is on this link.

What do you think about this change? Are you using SAP-delivered payment medium formats?