Yuno launches Payout to streamline global payments

Yuno, recognised as a payment orchestrator, has introduced Payout, a feature intended to streamline global payment workflows for enterprises.

Payout allows businesses to efficiently transfer funds worldwide to suppliers and clients through a singular API connection. This development eliminates the need for companies to engage with different payout providers separately, simplifying the process and enhancing operational efficiency. Businesses in the United States, for instance, can now quickly distribute funds to sellers in the Asia-Pacific region, while European companies can seamlessly cater to clientele in Latin America and the Middle East.

Yuno's Co-founder and Chief Executive Officer, Juan Pablo Ortega, expressed enthusiasm about the potential impact of Payout, saying, "Payout is a game-changer for businesses operating across regions. At Yuno, we've always focused on simplifying payment processes, and Payout takes that vision further by addressing global transfers and disbursements."

"This new feature elevates our offering by providing merchants with complete end-to-end orchestration, freeing them from the burden of managing multiple provider integrations while enabling them to reduce costs and optimise their payment operations easily. We're excited to see the positive impact this will have on merchants worldwide."

James Stack, Head of Product at Yuno, elaborated on the functional benefits of Payout: "One of the biggest pain points for merchants has been the complexity of integrating with multiple pay-out and pay-in providers, each with different requirements and API standards. With Payout, we've solved this by offering a single integration that handles all the heavy lifting for outgoing and incoming payments."

"Merchants can now connect to various providers through one API and use our routing module to intelligently direct payouts to the best provider for each transaction. This solution delivers operational efficiency, cost savings, and, most importantly, simplicity, allowing merchants to focus on growing their business instead of managing payments."

Payout is integrated into Yuno's platform, facilitating incoming payments, or PayIns. This consolidation enables businesses across numerous sectors to manage the entirety of their payment ecosystems, from accepting payments to processing them, all within a cohesive system.

Businesses such as online marketplaces and gig economy platforms stand to benefit significantly from this development. Marketplaces can now provide merchants with various local payment options while smoothly handling payouts to international vendors through one integration. This advancement optimises processes by reducing administrative demands and preventing payment delays.

Platforms involved in task management or ridesharing can use Yuno's capabilities to manage payments to freelancers and on-demand workers, customising parameters like payment intervals and percentage terms to suit specific business needs. This improves efficiency and can lead to enhanced worker satisfaction.

Yuno completed a Series A funding round earlier this year, raising USD $25 million from investors, including DST Global Partners and Andreessen Horowitz. The capital is set to support Yuno's expansion efforts across several regions, including Europe, Asia, and the Middle East.