Yuno is launching Mastercard Payment Passkey Service across Latin America, enabling merchants in Brazil, Argentina and Chile to streamline online checkout processes, enhance fraud protection and significantly reduce their cart abandonment rates.
With the launch of payment passkey, Yuno solidifies its position as the leading provider of Mastercard’s sought-after Click to Pay technology in Latin America, where transaction simplicity and security are especially important.
Studies show indicate that merchants lose more than 4.6% of their e-commerce revenue to payment fraud in the region, with overall fraud attempts surging by 32% in Latin America in 2024 versus the previous year – the largest increase of any region.
James Stack, Head of Product, Yuno, said:“As the leading provider of Mastercard Click to Pay technology in Latin America, we’re proud to offer merchants a solution that not only streamlines the checkout process but also ensures the highest level of security for both businesses and customers in a region where fraud has been a persistent challenge.”
Silvana Hernandez, Executive Vice President, Core Products, Mastercard, Latin America and the Caribbean, said: “The enablement of Mastercard Payment Passkey through our partnership with Yuno is an important step towards the advancement of digital payments in Latin America and the Caribbean.” Mastercard Payment Passkey Service strengthens the company’s existing Click to Pay solution, which was introduced to Yuno-enabled merchants in November.
