During my recent trip to China, Yunho Co-founder and CEO Juan Pablo Ortega ordered a Venti Cold Brew, a classic Starbucks drink, and reached for his credit card.
This routine transaction turned into an awkward interaction when I was greeted by the cashier in a surprised and even slightly annoyed manner.
reason? Credit cards are virtually a thing of the past in China, and QR code payments with AliPay and WeChat Pay have already become a collective thing. 92% Gaining market share in China’s large-scale payment market.
It is clear that APAC is not only embracing the future of digital payments, but defining it.
and more than half share of global digital payment spending and Highest digital wallet adoption rate in the worldthe region is rewriting strategy on how the world pays.
While this is great for consumers who enjoy increased convenience, it also adds complexity for merchants, as payment preferences vary widely from country to country, from Alipay in China to UPI in India. We must respond to increasingly complex and fragmented situations. Electronic wallets such as DANA and GoPay in Indonesia.
Yuno strengthens business in fragmented payments market
Yuno, a leading global payments orchestrator, provides easy access to over 300 global payment methods through a single user-friendly interface, allowing you to quickly offer customers the most popular options in each market. We help sellers navigate this minefield.
The leading B2B technology company also offers other innovative tools to help businesses deal with unexpected disruptions, strengthen transaction security, and drive overall growth.
Juan Pablo Ortega and Julian Nuñez created Yuno after experiencing first-hand the challenges of digital payments while scaling their previous business, Rappi, which is currently reportedly valued at over $5 billion. Co-founded.
Backed by leading global investors such as Andreessen Horowitz, Tiger Global, and DST Global Partners, Yuno currently partners with well-known global brands such as McDonald’s, Viva, and inDrive.
The company’s operations are supported by a strong international leadership team, including Chief Business Officer Carol Grunberg, a veteran of AliPay and Google, and SheueChee Beh, former Asia Pacific head of payments at Uber.
But beyond deep industry expertise, what sets Yuno apart from other fintech companies in the region is its technical offering and ability to provide bespoke solutions.
SheueChee Beh, Head of Asia Pacific Partnerships at Yuno, highlighted the potential for this transformation.
“In a diverse region like Asia-Pacific, payment preferences vary from market to market. Yuno’s flexible, integrated approach allows businesses to easily adapt and provide customers with the right payment method at the right time. This is essential for efficient scaling.
Yuno’s features are based on first-hand experience with the challenges large enterprises face in global payments and were developed to address them in the most user-friendly way. If you’re looking for an end-to-end solution to make payments easy and ensure security and convenience for you and your customers, Yuno is the platform for you. ”
Yuno’s ability to connect merchants to such a wide range of global payment methods through a single integration is truly transformative.
This not only allows businesses to tap into new customer segments, such as the younger unbanked population who prefer alternative payment methods, but also helps businesses save costs, improve efficiency, and expand faster across geographies. Masu.
Without Yuno, manually integrating even one additional payment method can be a major challenge. This is because the onboarding process can take up to six months, is expensive, and involves complexities that burden internal development teams.
Case study: How Yuno impacts global expansion and efficiency
inDrive, the second most downloaded mobility app in the world, is already benefiting from Yuno’s services, which have helped inDrive expand into 10 new markets in less than eight months .
Other customers, such as Rappi, Latin America’s most important shipping app, are leveraging Yuno’s recent addition of Monitors, which helps merchants prevent lost sales by detecting issues with payment providers.
By using the monitor, Rappi benefited from custom alerts that notify them whenever an outage occurs with one of their 20 payment providers.
When an alert is triggered, Yuno uses state-of-the-art smart routing technology to automatically redirect transactions to the next available payment route, ensuring the highest acceptance rate, lowest cost, and best user experience. Prefer routes with experience.
This has been transformative for Rappi, reducing response times from 5-10 minutes at peak times to milliseconds, preventing revenue loss and accelerating growth (even a few minutes of downtime at peak times can result in significant (possible risk of loss of revenue).
Monitor also freed up internal resources by reducing the time analysts spent on support tasks by nearly 80%.
Yuno’s newest feature, Payout, is perhaps its most groundbreaking as it provides merchants with the first-ever end-to-end payment solution.
This means that with Yuno, businesses can optimize incoming payments from customers and outgoing payments to suppliers and providers.
This is transformative for businesses such as marketplaces, ride-hailing businesses, and gig economy platforms that conduct complex payment transactions.
Merchants and businesses looking to streamline their payment processes and expand into diverse markets can partner with Yuno for a seamless, cost-effective solution.
To learn more about how Yuno’s payment orchestration platform can transform your business, visit: Website Or contact our team to discuss.
Featured image credit: Edited from freepic
