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

Yuno, a leading global payments platform, today announced a strategic partnership with Openpay, a digital payments company from BBVA Group, enabling businesses of all sizes to more easily transact online and benefit from the country’s e-commerce growth.

The partnership will create further synergies in the local payments ecosystem to streamline 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 more than 67.9 million e-commerce users, according to Statista – a number that is expected to grow by more than 55 percent by 2027.

The total transaction value of the Mexican digital payments market alone is estimated to reach $115.2 billion in 2024, with a projected annual growth rate of 9.84%.

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 Kaupert, Director of Partnerships at Yuno, 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 Campos, Chief Development Officer 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.”