Introduction
Yuno, the leading payment orchestration platform, has announced the appointment of Miguel Duarte Fernandes as SVP, Head of Growth and Commercial for Europe. This strategic addition marks a major milestone in Yuno’s ongoing global expansion, reinforcing its commitment to empowering merchants across the rapidly growing European e-commerce market. With the region’s e-commerce revenue projected to surpass $721.30 billion by 2025 and maintain a growth rate of over 7% annually, the demand for efficient payment solutions is rising.
Miguel brings over 20 years of experience in the payments industry, having worked with renowned companies like Checkout.com, PayPal, and Braintree. His expertise in optimizing payment strategies for merchants across diverse sectors, including retail, travel, and marketplaces, makes him an ideal fit for Yuno’s vision.
Yuno solves critical challenges in the payments ecosystem by offering merchants access to over 300 payment methods and multiple providers through a single, seamless integration. This comprehensive solution enables businesses to scale globally while ensuring reliability and cost efficiency. With offices spanning six countries, Yuno’s focus on Europe represents its next key phase of growth, supported by top-tier investors and an industry-leading team.
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Industry Comments
Miguel Duarte Fernandes, SVP, Head of Growth and Commercial for Europe at Yuno, commented:
“Yuno is solving one of the most pressing challenges in the payments ecosystem: empowering merchants with seamless access to the best acquirers, gateways, and alternative payment methods (APMs) globally through a single integration. By eliminating the constraints of traditional manual payment setups, Yuno enables businesses to scale effortlessly and unlock their full potential. I’m thrilled to join a team that is reimagining payments for the 21st century and helping merchants achieve unparalleled success.”
Miguel will be based in Lisbon, Portugal, and oversee all of Europe as part of his remit, further strengthening Yuno’s global presence alongside the company’s existing leadership teams in Asia and the US. The company’s global growth is bolstered by support from top-tier investors, including Andreessen Horowitz, Tiger Global, DST Global Partners, Kaszek Ventures, and Monashees, fueling its expansion across Asia, Europe, the Middle East, and Africa.
Juan Pablo Ortega, Co-founder and CEO at Yuno, commented:
“We are thrilled to welcome Miguel to the Yuno team. His expertise and deep understanding of the payments ecosystem will be crucial in accelerating our mission to empower merchants globally. Yuno has already made a significant impact, helping clients across the world to simplify payments and deliver better user experiences. With offices in Singapore, China, Colombia, Brazil, Mexico, and the United States, we are now doubling down on Europe as the next key phase of our global expansion. We’re committed to providing businesses with the best payment solutions, and Miguel’s proven track record and passion for empowering businesses will be invaluable as we continue to grow in this key region.”
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FAQs
What makes Yuno unique in the payments ecosystem?
Yuno simplifies global payment orchestration by providing merchants with access to over 300 payment methods and multiple acquirers or gateways through a single integration. Unlike traditional setups, Yuno eliminates dependence on a single provider, offering businesses flexibility and reliability. The platform also incorporates locally relevant alternative payment methods, ensuring merchants can cater to consumer preferences in diverse markets. With a user-friendly interface, Yuno empowers businesses to optimize payment strategies, improve transaction efficiency, and scale effortlessly across geographies.
Why is Yuno focusing on Europe as part of its expansion?
Europe’s e-commerce market is experiencing robust growth, with revenue expected to reach $721.30 billion by 2025 and an annual growth rate exceeding 7%. This rapid expansion has increased the demand for sophisticated payment solutions. Yuno sees Europe as a strategic market where businesses require tools to navigate diverse payment landscapes efficiently. By focusing on Europe, Yuno aims to address merchants’ challenges, such as dependency on a single provider and the complexity of integrating multiple payment methods. Miguel Duarte Fernandes’ appointment as SVP, Head of Growth and Commercial for Europe, reflects Yuno’s commitment to delivering tailored payment solutions that empower European businesses to scale and succeed globally.
How does Miguel Duarte Fernandes’ experience benefit Yuno?
Miguel Duarte Fernandes brings over two decades of expertise in the payments industry, having held senior roles at leading companies like PayPal, Braintree, and Checkout.com. His extensive experience spans optimizing payment strategies, forming partnerships with merchants across Europe, and unlocking growth potential in various sectors, including travel, fashion, and retail. Miguel’s deep understanding of the region’s payment ecosystem aligns perfectly with Yuno’s mission to empower merchants. His leadership will drive Yuno’s expansion into Europe, enabling businesses to overcome payment challenges and achieve seamless scalability.
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Conclusion
The appointment of Miguel Duarte Fernandes as SVP, Head of Growth and Commercial for Europe is a pivotal step in Yuno’s mission to empower merchants globally. With a track record of driving growth and optimizing payment strategies, Miguel’s expertise will be instrumental in helping Yuno meet the rising demand for payment orchestration in Europe’s expanding e-commerce market.
Yuno’s innovative platform provides merchants with access to multiple payment providers and over 300 payment methods, all through a single, user-friendly integration. By addressing the limitations of traditional setups, Yuno empowers businesses to scale efficiently, reduce costs, and enhance customer experiences. With offices across six countries, the company is well-positioned to support merchants worldwide.
As Yuno doubles down on its European expansion, backed by leading investors like Andreessen Horowitz and Tiger Global, its commitment to simplifying payments and enabling businesses to thrive remains stronger than ever. Miguel’s leadership promises to elevate Yuno’s impact, helping businesses unlock their full growth potential and solidify Yuno’s position as a global leader in payment orchestration.
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