To combat the challenges of card decline rates in the Latin America (LatAm) travel and hospitality sectors, Hands In, a multi-card and group payments firm has partnered with Yuno, a global payment orchestration service provider.
The travel, leisure, and hospitality sectors often face high rates of payment failures, mainly because consumers tend to use a single card to cover the total cost of travel and activities, whether purchasing as a group or solo travel. This situation not only generates frustration among consumers but also imposes additional financial strain on those conducting the transactions.
In this context, Yuno, with its experience working with airlines and travel merchants, provides access to a variety of payment methods. Its integration with Hands In promises to simplify the payment processes. It will improve operations and address challenges such as fraud and chargebacks. The goal is to provide a smooth and hassle-free experience for both merchants and customers.
Samuel Flynn, CEO of Hands In expressed his enthusiasm about the partnership: “Joining forces with Yuno to bring Hands In’s split payment solutions for groups and multiple cards to Latin America is exciting. With Yuno’s solutions and our advanced technology, we will offer airlines and travel merchants a convenient and secure way for people to pay together online with lower credit limits.”
Innovating split payments to a new standard
The partnership marks a milestone for Hands In, reaffirming its commitment to innovation and transforming the payment orchestration experience. Yuno, a platform for global payment orchestration, brings its extensive experience working with airlines and travel merchants to the table. By leveraging Yuno’s expertise in the Latin American market, Hands In will set new standards in split payments and expand its presence. All the while, it will offer advanced payment solutions that cater to the unique needs of the region.
Juan Pablo Ortega, CEO and co-founder of Yuno said: “The partnership with Hands In is key to meeting the growing demand for Split payment solutions in Latin America, especially in the travel industry. Together, we will provide merchants with access to a variety of payment methods and effective fraud prevention tools, setting a new standard in the effectiveness and security of Split payments.”
Modernising digital payment landscape in Latin America
With Hands In’s ability to enhance conversion rates and reduce card decline rates on high basket bookings and Yuno’s expertise in payment orchestration, this collaboration will improve the way groups make online payments in Latin America. It will allow them to meet the unique and growing needs of the travel and hospitality industry. Furthermore, it is a clear example of how innovation and strategic collaboration can create more efficient and secure solutions. It also shows how both merchants and consumers across the region can benefit.
Image and article originally from thefintechtimes.com. Read the original article here.