Yuno and Openpay join forces to improve Mexico’s e-commerce sector

Mexico’s e-commerce sector is growing and wants to ensure that this success continues, Yunothe payment organization platform has entered into cooperation with BBVA Groupdigital payments company, Open payment to simplify the online transaction process.

In Mexico, the current number of e-commerce users is 67.9 million, but this number is expected to increase by 55 percent by 2027. Extra. Furthermore, the total transaction value of the Mexican digital payments market alone is expected to reach $115.2 billion in 2024, with a projected annual growth rate of 9.84%. In light of this, the new partnership between Yuno and Openpay will create further synergies in the local payments ecosystem, streamlining digital payments.

Catherine KaupertYuno’s Head of Partnerships, commented: “This partnership marks another step in our mission to democratize the payments industry by making it easier for everyone – 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.”

Why Yuna?

Marcelo CamposChief Development Officer at Openpay by BBVA, added: “We are celebrating the launch of our strategic collaboration with Yuno as part of our alliances and partnerships program.

“Yuno is one of the most important players in the sector, with whom we share our goal of strengthening financial inclusion in Mexico, as well as our philosophy of being customer-centric. We are convinced that by working together 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.”

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.

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