What is country restriction in SAP FS-PE - Payment Engine?

SAP Term: country restriction

• Component: FS-PE

• Component Name: Payment Engine

• Description: A restriction that the specified bank country is not allowed for the specified transaction type or transaction type group. A country restriction is part of country risk management.

Smart SAP Assistant

• Key Concepts: 
  Country restriction is a feature of the FS-PE Payment Engine component of SAP software. It allows users to restrict payments to certain countries or regions. This feature is useful for companies that need to comply with international regulations or have specific business requirements. 
  
  How to use it: 
  To use the country restriction feature, users must first define the countries or regions they want to restrict payments to. This can be done in the FS-PE Payment Engine configuration settings. Once the countries or regions have been defined, users can then set up payment rules that will only allow payments to those countries or regions. 
  
  Tips & Tricks: 
  When setting up country restrictions, it is important to ensure that all relevant countries and regions are included in the list. This will help ensure that payments are only made to the desired locations. Additionally, it is important to regularly review and update the list of restricted countries or regions as needed. 
  
  Related Information: 
  For more information on country restrictions in SAP software, please refer to the official SAP documentation on FS-PE Payment Engine configuration settings.