Yuno and Openpay join forces to drive digital payments revolution in Mexico

Yunoleading global payments platform, today announced a strategic partnership with Open paymentBBVA Group’s digital payments company, which will enable businesses of all sizes to seamlessly transact online and benefit from the country’s growth in e-commerce.

The partnership will create further synergies in the local payments ecosystem to enhance digital payments and help e-commerce reach new heights in Mexico. The country is already home to one of the fastest-growing e-commerce sectors in the world, with over 67.9 million e-commerce users, according to Statista – a number that is expected to grow by over 55 percent by 2027. The total transaction value of the digital payments market in Mexico alone is expected to reach $115.2 billion in 2024, with a projected annual growth rate of 9.84 percent.

The Yuno platform enables businesses to access over 300 payment methods worldwide, as well as integrate innovative features such as one-click checkout, smart routing and anti-fraud tools, through a single, easy-to-use interface. Openpay simplifies online selling for merchants by enabling them to accept card, bank transfer, cash or loyalty points payments through a single integration.

Catherine KaupertYuno’s Director of Partnerships commented:

“This partnership marks the next step in our mission to democratize the payments industry by making it easier for all players – from SMEs to large multinationals – to optimize digital transactions, reach new customers and increase online sales while saving time and reducing costs. We look forward to working with Openpay to continue to innovate and create a more streamlined industry that benefits everyone.”

Yuno helps customers make digital payments seamlessly and efficiently, including McDonald’s, inDrive, Avianca, Rappi, and many more, across 60 countries in Latin America and around the world. The payment orchestration platform recently raised $25 million in Series A funding from DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees.

Marcelo CamposDirector of Development at Openpay by BBVA, added:

“We celebrate the launch of our strategic partnership with Yuno, as a result of our Alliances and Partnerships program. Yuno is one of the most important players in the sector, with whom we share the goal of strengthening financial inclusion in Mexico, as well as our philosophy of being customer-centric. We are convinced that through this partnership we will be able to support more companies with the most reliable payment solution and the support of BBVA, one of the most important financial institutions in the region.”

About Yuna

Yuno has become a dominant force in the global payments organization market, with a primary mission to support global commerce by enabling businesses of all sizes to accept and pay payments anywhere in the world, thus supporting financial inclusion.

Yuno enables businesses to access over 300 payment methods worldwide, as well as innovative features including one-click payments, AI-powered intelligent routing, and robust anti-fraud tools, all through a single, unified, easy-to-use interface. Yuno serves a global customer base that includes McDonald’s, Avianca, inDrive, Rappi, and other well-known brands in 60 countries.

Learn more about Yuno at http://www.y.uno.

About Openpay

Openpay is a platform for receiving and sending electronic payments specializing in the development and commercialization of tools for accessible, secure and innovative commercial transactions. This Mexican company has been part of the BBVA Group since 2017 and has headquarters in Mexico, Colombia, Peru and Argentina.

With Openpay, businesses of all sizes can accept multiple e-commerce payment methods, such as credit cards, debit cards, bank transfers, SPEI, CoDi and payment links, as well as cash transactions through Paynet, the largest payment network in Mexico, consisting of over 30,000 agents connected in real time.

To ensure the security of transactions, the company has developed OpenControl, an advanced neural anti-fraud system, and complies with processes and certifications such as 3D Secure, SafeKey and ISO 27001.