After which process step will the payment medium be created?

You implement SAP Bank Communication Management with payment approval.

After which process step will the payment medium be created?
A . Payment run
B . Final payment approval
C . Payment merge execution
D . Reservation for cross-payment run payment media

Answer: C

Explanation:

SAP Bank Communication Management with payment approval allows you to create and approve payment batches, merge payments into a single file, and send them to banks via SAP Multi-Bank Connectivity. The payment medium is created after the payment merge execution step, which combines payments from different sources into one file per bank and format.

Reference: https://help.sap.com/viewer/0fa84c9d9c634132b7c4abb9ffdd8f06/2020.002/en-US/3a3a8f6f7a6e4c2b8d5b8f1e2a2a0d5b.html