Fintech Yuno reported that its payment orchestration platform can raise approval rates by up to 15% and cut losses from failed transactions.
Walter Campos, general manager of Yuno, explained that the company connects to more than 1,200 online payment methods and currently operates in over 210 countries.
Campos said the technology includes artificial intelligence and real-time monitoring that recovers between 60% and 65% of failed payments by contacting buyers via phone or WhatsApp.
The firm has more than 250 clients, mainly large companies with global operations. Campos added that using multiple providers can reduce the average cost per transaction by 0.4% to 0.5%.