Yuno, a global payments orchestration platform, announced it has scaled up its footprint in Asia, launching its innovative payment orchestration solution in key markets including Singapore, the Philippines, Thailand and Hong Kong, among others.
Businesses in these countries can now leverage Yuno’s proprietary platform to access over 300 payment options, as well as integrate cutting-edge features including one-click checkout modifications, smart routing, and robust anti-fraud tools, ensuring a secure and seamless payment experience and improved approval rates.
This latest expansion, which comes on the heels of Yuno’s earlier launch in Malaysia and Indonesia, emphasizes the company’s commitment to enhancing support and services for both local and cross-border merchants in Asia. The region is experiencing significant growth in digital consumption, projected to reach $1 trillion by 2030 according to the e-Conomy SEA 2023 report. This growth is driven by a young and increasingly digitally-savvy population that is boosting demand for digital products and services.
Digital payments using e-wallets in the region have surged dramatically in recent years, with forecasts indicating a fivefold increase from $22 billion in 2019 to $114 billion in 2025 according to PwC, providing fertile ground for Yuno to expand its payments offering and help companies tap new customer bases to propel their regional growth.
To support its growing presence in the region, Yuno recently welcomed Jonathan Hall as its new Head of APAC, who brings with him a deep understanding of the regional payments landscape cultivated through earlier positions at Rapyd, PayPal, Hyperwallet, and others.
Juan Pablo Ortega, CEO and co-founder, commented: “We are delighted to expand our regional presence in Asia and help facilitate the spread of regional commerce by enabling companies to navigate the complexities of local payment systems. Asia is a fast-growing market, with a rapidly developing digital economy and a rich payments ecosystem increasingly dominated by e-wallets. We look forward to helping companies tap into this vibrant ecosystem to reach new customers and accelerate their regional growth.”
Julián Núñez, co-founder of Yuno, added: “At Yuno, we are committed to making companies’ lives easier when it comes to payments. With our strengthened presence in Asia, we are staying true to this commitment, providing our customers with easy access to a wide range of regional payment providers through our user-friendly, unified interface. By simplifying and consolidating what has traditionally been a complex and time-consuming process, we aim to save our customers time and money and empower them to focus on their core offering.”
Yuno serves customers including McDonald’s, inDrive, Avianca, Rappi, and others across 50 countries, and recently raised $25 million in a Series A round by DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees.
