Yuno has announced that Mastercard‘s Click to Pay at checkout is now available to all Yuno clients.
Click to Pay helps ensure purchases can be made securely and quickly with just a few clicks, significantly decreasing the instances of cart abandonment that plagues the e-commerce industry. According to Mastercard research, nearly two-thirds of shoppers still struggle to manually entering their card details, with 25% of carts abandoned because checkout is too complex or slow.
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The average online shopping cart abandonment rate worldwide reached 70.19% in 2023
That is according to Statista and resulted in an estimated $260bn recoverable loss in e-commerce sales annually in the US and EU alone. Plus, fraud rates are seven times higher online than in stores, as criminals exploit exposed card numbers, creating headaches for cardholders and huge losses for merchants and card issuers.
Yuno’s ability to offer Mastercard Click to Pay access to merchants is especially crucial for businesses expanding into new markets, where brand recognition can be a challenge. With Yuno, merchants can offer a globally recognised payment solution that eliminates friction at checkout almost anywhere in the world.
Juan Pablo Ortega, Co-Founder and CEO at Yuno, commented: “At Yuno, we are constantly seeking out the best solutions to streamline payment processes and enhance security, while delivering speed. Making Mastercard’s Click to Pay at checkout feature easy to integrate for all of our customers supports our commitment to removing barriers to global commerce, making sure our customers can focus on running their businesses without any unnecessary headaches.’’
Diego Szteinhendler, Senior Vice-President, Fintechs, Merchants and Digital Platforms, Mastercard Latin America and the Caribbean, added: “Digital consumers expect an intuitive, frictionless and secure experience. To support this demand, we’ve built a robust digital infrastructure with a suite of acceptance and payment services, including Click to Pay, that through partnerships like the one with Yuno are becoming available to millions of consumers across Latin America and beyond.”
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