Yuno, a global payment orchestration company, announced the launch of Payout, a solution designed to simplify global payment flows for merchants. This feature allows the platform to manage both incoming (pay-ins) and outgoing (pay-outs) transactions, enabling all financial processes to be managed and optimized through a single, user-friendly interface.
Payout allows companies to quickly transfer funds to suppliers and clients worldwide, connecting to a broad network of payment providers through a single API integration. "Now, merchants in Brazil, for example, can pay suppliers in other countries quickly, while European companies can do the same with clients in Latin America and Asia," explains Walter Campos, General Manager of Yuno in the country. This integration eliminates the need to manage various transaction methods internally, reducing costs, increasing efficiency, freeing up technical teams, and allowing retailers to rapidly expand their presence in different regions.
Payout is a paradigm shift for companies operating across multiple locations. "We always strive to simplify payment processes, and this new feature expands our vision by addressing global transfers. We're excited about the positive impact this will have on merchants worldwide," explains Walter Campos.
James Stack, head of product at Yuno, states that one of the biggest challenges for merchants has been the complexity of integrating various payment providers, each with different API requirements and standards. "With Payout, we solved this by offering a single integration that handles all inbound and outbound needs. This solution provides operational efficiency, cost savings, and above all, simplicity, allowing retailers to focus on growing their businesses instead of managing transactions," the executive points out.
Payout aligns with Yuno's vision of becoming the leading global payment orchestration platform, offering unified solutions for all financial needs. Early 2024 saw the company secure US$1,025 million in a Series A funding round led by DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures, and Monashees, to expand operations in Europe, Asia, the Middle East, and Africa.
