Germany’s Aareal Bank Group Integrates PayPal Into Its B2B Payment Solutionby Fintechnews Switzerland May 10, 2021
Aareal Bank Group has expanded its Aareal Exchange & Payment Platform solution (AEPP), which was launched in 2020, by allowing the option to pay with PayPal.
Moving forward, companies will be able to offer their customers payments via PayPal, including credit card payments, alongside the already integrated services offered by the provider.
As a B2B platform solution and link between ERP systems and various payment providers, AEPP can be a key component for companies when it comes to efficient process management of payment transactions and additional services.
The platform offers housing and property industry companies the possibility to tap into new sources of income around their properties by intermediating services.
According to Aareal Bank, the new PayPal integration will forward users to the latter’s payment page where they can then choose their payment options.
German housing companies and a provider of affordable housing German housing companies and a provider of affordable housing was the first to pilot the PayPal integration.
Lars Ernst, Managing Director at Aareal Bank said,
“The Aareal Exchange & Payment Platform is an important basis for companies entering the platform economy – where simple interactions are key to success. The AEPP enables companies from all sectors to digitalise and centrally integrate services and payment processes into their own ERP systems, thus realising material efficiency gains.
“In light of the increasing number of payment providers, it is thus becoming more and more important for companies from all sectors to have fully automated payment transactions, integrating them into the existing process landscape as efficiently as possible. This is where our platform solution comes into play.”
Christina Moritz, Director Sales, PayPal Germany, Austria and Switzerland added,
“Customers want to have a range of simple and secure payment methods when it comes to paying their rent, too. Integrating PayPal into the Aareal Exchange & Payment Platform enables companies to connect with more than 375 million active PayPal customers worldwide and offer them the option of paying the way they want to.”
Featured image: Head Office of Aareal Bank AG in Wiesbaden