Companies in these nations can now use Yuno's in-house platform to access more than 300 payment options and incorporate state-of-the-art features like intelligent routing, one-click checkout modifications, and strong anti-fraud tools, guaranteeing a safe and easy payment process and higher approval rates.

Following Yuno's first introduction in Malaysia and Indonesia, this most recent growth highlights the company's dedication to improving support and services for Asian merchants operating both domestically and internationally. The e-Conomy SEA 2023 report projects that by 2030, digital consumption in the region would have grown significantly to the tune of $1 trillion. The population is getting younger and more tech-savvy, which is driving up demand for digital goods and services.

The region's use of e-wallets for digital payments has increased significantly in recent years; according to PwC forecasts, this amount will fivefold from $22 billion in 2019 to $114 billion in 2025. This presents Yuno with opportunities to grow its payments portfolio and assist businesses in reaching new markets to drive their regional expansion.

Jonathan Hall, who brings with him a comprehensive expertise of the regional payments landscape gained through previous jobs at Rapyd, PayPal, Hyperwallet, and others, was recently appointed as the new Head of APAC by Yuno to assist its expanding presence in the region.

"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," said Juan Pablo Ortega, CEO and co-founder. With a burgeoning digital economy and a robust payments environment that is becoming more and more dominated by e-wallets, Asia is a market that is expanding quickly. We're excited to work with businesses to take advantage of this thriving environment in order to expand regionally and attract new clients.

Yuno co-founder Julián Núñez continued:

"At Yuno, our mission is to simplify businesses' payment-related lives. We are remaining loyal to this promise with our increased presence in Asia, giving our clients simple access to a variety of local payment providers via our unified, user-friendly interface. We hope to save our customers time and money by streamlining and streamlining what has historically been a difficult and time-consuming procedure, allowing them to concentrate on their main product.

In 50 countries, Yuno provides services to clients like McDonald's, inDrive, Avianca, Rappi, and others. DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees recently contributed $25 million to the company's Series A round of funding.