Paytech, UnDosTres is seeing the fruit of its partnership with global payments firm, Unlimit as its payments approval rates have soared with over 80 per cent of payments completed.
A Mexican super-app in the vein of WeChat, UnDosTres’ mobile app facilitates quick and simple payments for a wide range of services, including bills, bus passes, movie tickets, and gift cards. Following its partnership with Unlimit, for online payments to be approved, they must first go through Unlimit’s anti-fraud processes. Unlimit’s Customer Success team, in conjunction with the UnDosTres fraud team, is providing remediation for each declined transaction, thereby bolstering approval rates.
“Unlimit offers a comprehensive payment solution with high-security standards, a high approval rate, and very competitive rates. We are ready to support the expansion of UnDosTres in Mexico by helping them reach new users and facilitating the use of various local payment methods,” says Arturo Ruiz, commercial director of Unlimit in Mexico.
The use of mobile phones for online purchases in Mexico is becoming increasingly common. According to figures from the 2023 survey Global Digital Payment Index, mobile phone payments now represent 16.1 per cent of all online transactions. Research also reveals that the use of cash in stores has decreased by 23 per cent year on year.
“With more people connected to the internet and familiar with digital processes, there’s a clear opportunity to simplify daily life by concentrating payments in one place,” explains Daniel Espinosa, head of payments and operations at UnDosTres.
