Businesses in these countries can now utilize Yuno's platform to access over 300 payment options and integrate features like one-click checkout modifications, smart routing, and anti-fraud tools for secure payment experiences and improved approval rates.
This expansion follows Yuno's earlier launch in Malaysia and Indonesia, underscoring the company's commitment to supporting local and cross-border merchants in Asia. The region is witnessing significant growth in digital consumption, projected to reach USD 1 trillion by 2030 according to the e-Conomy SEA 2023 report, driven by a digitally-savvy population.
Digital payments via e-wallets in the region have surged, with forecasts indicating a substantial increase from USD 22 billion in 2019 to USD 114 billion in 2025, according to PwC, presenting an opportunity for Yuno to expand its payment offerings and assist companies in tapping new customer bases.
To bolster its presence in the region, Yuno appointed Jonathan Hall as its new Head of APAC, leveraging his expertise in the regional payments landscape gained from previous roles at Rapyd, PayPal, and Hyperwallet.
Yuno representatives expressed excitement about expanding the company's presence in Asia, aiming to facilitate regional commerce by simplifying local payment systems. They highlighted Yuno's commitment to easing companies' payment processes through a user-friendly interface.
The company serves customers globally, including McDonald’s, inDrive, Avianca, and Rappi, and recently secured USD 25 million in a Series A funding round. The company aims to empower global commerce by providing innovative and secure payment solutions, incorporating fraud prevention measures and enabling businesses to accept various forms of payment worldwide.
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