Yuno and Openpay Combine Forces to Improve E-Commerce Sector in Mexico

This post was originally published on The FinTech Times

Mexico’s e-commerce sector is thriving and looking to ensure this success continues, Yuno, the payments orchestration platform has partnered with BBVA Group‘s digital payments company, Openpay to simplify the online transaction process. 

In Mexico, the current number of e-commerce users is 67.9 million, however, this figure is set to increase by 55 per cent by 2027 according to Statista. Additionally, the total transaction value in the Mexican digital payments market alone is projected to reach $115.2billion in 2024, with a forecast annual growth rate of 9.84 per cent. In light of this, the new partnership between Yuno and Openpay will create further synergies in the local payments ecosystem, streamlining digital payments.

Catherine Kaupert, head of partnerships at YunoCatherine Kaupert, head of partnerships at Yuno

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 optimise their digital transactions, reach new customers and boost online sales while saving time and cutting costs.

“We look forward to working together with Openpay to further innovate and create a more

Read the rest of this post, which was originally published on The FinTech Times.

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