Payment method & is not defined for foreign currencies

What causes this issue?

Data error: According to Customizing, the payment method used (&V1&) is
not defined for foreign currency payments. The payment in question has
the key &V2&.

System Response

Processing is terminated.

How to fix this error?

Choose another payment method or change the configuration of the
payment method in the company code.

Error message extract from SAP system. Copyright SAP SE.