No Payment Groups for Payment Run &1 &2 Found

What causes this issue?

No suitable payment group was found for payment run &V1& &V2&.
IF &V3& NE ' '
No valid payment groups exist for payment medium format &V3& and the
named proposal run. Check whether valid payments were created and
whether the payments use another format.
ENDIF
IF &V4& NE ' '
<DS:REPO.RFPAYG_LISTPOPUP>Payment groups of the proposal run</>
ENDIF

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.