Unlimit Has Announced A Partnership With DEUNA For Cross-Border Payments
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Global financial technology company Unlimit has revealed a partnership deal with DEUNA, a streamlining and commerce enhancement platform. The partnership seeks to improve cross-border payment methods for business organizations in Latin America (LATAM).
According to NTT data and a 2023 report from Mexico’s Fintech Association, digital payments contributed about 32% of the local fintech market. The report also shows that the number of firms in the sector increases by 17.4% yearly.
The Partnership Is A Crucial Step For Unlimit’s Expansion
Projections for the digital payments industry in the region show that the total transaction value for digital payments could increase to $115.20 billion this year. The growth is expected to continue at an annual rate of 9.8%, which could reach $167 billion by 2018.
Additionally, the Mexican Association of Online Sales reported that in terms of eCommerce growth, Mexico is leading globally, reaching a value of 658 billion MXN last year.
Head of Unlimit at Mexico, Ignacio Morales, commented on the partnership. He stated that the partnership is crucial for the firm’s mission to remove any payment-related border for firms that want to continue with their global expansion.
He added that the relationship between the two parties will foster strong bonds. This will help to redesign B2B payments and make digital payments more efficient and transparent. Morales noted that the partnership will help both parties reach their goals faster.
Unlimit Wants To Support Businesses Using Payment Solutions
The partnership between DEUNA and Unlimit will give enterprise-level firms access to secure and advanced payment systems. The collaboration will reduce fraud risk, decrease costs, and enhance approval rates.
Integrating Unlimit’s payment infrastructure with DEUNA’s payment organization capabilities will make these possible. The integration will offer different payment methods needed for seamless transactions and operations.
Co-founder of DEUNA, José María Serrano, also commented on the partnership. She stated that the collaboration will minimize fraud risk, reduce costs, and enhance approval rates.
All these improvements are needed to accelerate regional and global expansion. Jose added that both platforms are committed to boosting merchant operations and empowering them to improve their sales potential in the dynamic market.
The partnership aligns with Unlimit’s plans to expand its services and operations across several regions. Earlier in April, the fintech firm received its Online Payment Aggregator License from the Reserve Bank of India to enable the firm to operate in the area.
