close
close

Yuno collaborates with Openpay

Posted on by darion

Yuno partners with Openpay. Source: Shutterstock.com

Yuno has announced a strategic partnership with Openpay, a digital payments company owned by BBVA Group, that will make it easier for businesses of all sizes to transact online, taking advantage of the country’s e-commerce boom.

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, and that number is expected to grow by over 55% 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%.

The Yuno platform gives businesses access to over 300 payment methods worldwide

The platform also enables businesses to integrate 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 allowing them to accept card, bank transfer, cash or loyalty points payments through a single integration.

Catherine Kaupert, Head of Partnerships at Yuno, commented: “This partnership marks another 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.”

Marcelo Campos, Chief Growth Officer at Openpay by BBVA, added: “We are celebrating 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 our goal of strengthening financial inclusion in Mexico, as well as our philosophy of being customer-centric. We are convinced that through this collaboration 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.”

Get access to the most comprehensive company profiles on the market, powered by GlobalData. Save hours of research. Gain a competitive advantage.

Company Profile – Free Sample

Thank you!

Your download email will arrive shortly

We are confident in the exceptional quality of our company profiles. However, we want you to make the best decision for your business, which is why we offer a free sample that you can download by submitting the form below

By GlobalData






Please visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information about your rights in relation to your personal data and how you can opt out of future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address provided is your corporate email address.