Yuno and Bamboo Payment Systems announce an alliance to redefine cross-border payments in Latam

This alliance will greatly simplify joint solutions for companies in the region to handle their financial transactions with greater convenience and cost-effectiveness.

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

About the alliance Yuno, the global payment orchestration platform, and Bamboo Payment have formed an alliance aimed at simplifying and optimizing international online payments for companies in LATAM. The union of both companies offers a direct response to the challenges commonly associated with cross-border transactions, such as delays, procedural complications, and high fees.

With a focus on easily modifying payment processes, Yuno has already established its presence in the payments sector, enabling smart routing and providing an intuitive control panel for workflows. On the other hand, Bamboo Payment, with offices in various locations in Latin America and connections to instant and traditional payment methods in eleven countries, has excelled in offering both payment and collection capabilities, as well as promoting agile business decisions.

This alliance not only aims to offer efficient payment solutions in the region but also to eliminate the inherent frictions in international online payments. The collaboration seeks specifically to provide a clear and obstacle-free path for companies embarking on international trade, offering a more linear and cost-effective method for managing financial transactions.

“Collaborating with Bamboo Payment represents a strategic step to ensure smoother and more internationally accessible transactions. Our goal, through this alliance, is to make financial operations, especially cross-border ones, more efficient and economically viable for companies in the region,” says Juan Pablo Ortega, co-founder of Yuno.

With e-commerce and digital transactions continually on the rise, the Yuno-Bamboo collaboration is ideally positioned to facilitate and foster this development, enabling both local and international companies to effectively reach and serve consumers worldwide.

“This alliance allows us to connect our technologies and experiences to access instant and local payment solutions throughout Latin America, opening new possibilities and reducing barriers in payments,” says Francisco León, CEO of Bamboo Payment.

It marks the beginning of a journey towards a more integrated and borderless payment ecosystem in the region, unlocking the immense growth potential within the LatAm consumer base.

This agreement promises to take the operations of companies in the region to a new level of simplicity and efficiency, allowing the joint solutions of Yuno and Bamboo Payment to handle their financial transactions with greater convenience and cost-effectiveness.

Via: Latamfintech
Source: https://www.latamfintech.co/articles/yuno-y-bamboo-payment-systems-anuncian-alianza-para-redefinir-los-pagos-transfronterizos-en-latam