Yuno and Bamboo Payment Systems Join Forces to Streamline Cross-Border Payments

Published 6 months ago

Yuno, a global payment orchestration platform, and Bamboo Payment Systems are partnering to redefine cross-border payments in Latin America and beyond. The partnership aims to simplify and optimize online international payments for businesses within the Latin American region.

The Challenge of Cross-Border Payments

Cross-border payments, where the issuer and receiver of funds are located in different countries or jurisdictions, have always been a crucial pillar in international trade. These transactions usually involve a complex network of currency conversions and regulatory checks which can be both tedious and costly for the involved businesses. The increasing globalization and market convergence make a practical and economical solution for these payment processes not only necessary but imperative to facilitate business operations and expand business opportunities.

A Solution to Cross-Border Transaction Challenges

The alliance between Yuno and Bamboo Payment Systems offers a direct response to common challenges associated with cross-border transactions such as delays, procedural complications, and high fees. Yuno, with its focus on easy modification of payment processes, has already established its presence in the payment sector, enabling smart routing and providing an intuitive control panel for workflows.

On the other hand, Bamboo Payment Systems, with offices in various locations in Latin America and connections with instant and traditional payment methods in eleven countries, is known for offering both payment and collection capabilities, in addition to promoting agile business decisions.

Aiming for Efficient and Cost-Effective Payments

The partnership aims not only to provide efficient payment solutions in the region but also to eliminate the frictions inherent to international online payments. Specifically, the collaboration seeks to facilitate a clear and obstacle-free path for businesses venturing into international trade, providing a more linear and less expensive method to manage financial transactions.

Juan Pablo Ortega, co-founder of Yuno, stated that the collaboration with Bamboo Payment represents a strategic step to ensure smoother and more accessible international transactions. Their goal through this partnership is to make financial operations, particularly cross-border ones, more efficient and economically viable for businesses in the region.

Facilitating eCommerce and Digital Transactions

With eCommerce and digital transactions continually rising, the Yuno-Bamboo collaboration is ideally positioned to facilitate and foster this development, enabling both local and international businesses to effectively serve consumers worldwide. Francisco León, CEO of Bamboo Payment, believes the alliance allows them to connect their technologies and experiences to access instant and local payment solutions across Latin America, opening new possibilities and reducing barriers in payments.

This agreement promises to take the operations of businesses in the region to a new level of simplicity and efficiency, allowing the combined solutions of Yuno and Bamboo Payment to handle their financial transactions with greater practicality and economy.