Yoyo Wallet Enters US Payments Market

Yoyo Wallet, a mobile wallet platform targeting both individual consumers and retailers, has entered the US market.

Initially, the platform will be accessible to a few select clients, the company said, and by the end of March next year will hit the market officially.

Over a Million Users

Yoyo Wallet is the fastest-growing mobile wallet in the UK, boasting over a million users, according to the company’s press release on the launch of the US beta version. The company processes an average of 200,000 transactions a month and accounts for 65 percent of checkouts across the locations that have adopted it.

Automation Automation Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Automation is defined as the procedure of making an apparatus, a process, or a system to operate by mechanical or electronic devices that replace human labor. Additionally, automation is also sometimes referred to as mechanization or robotization. For example, employees have many costly needs, including government regulations. However, robotic workers don’t need much other than some routine maintenance and the occasional bug fix for an equipment malfunction or software bug. There is no overtime Read this Term for Retailers

Yoyo claims that unlike its competitors, including Apple Pay and PayPal, it offers its clients additional benefits, besides Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term processing. Retailers using Yoyo Wallet, for instance, can automate loyalty and deliver rewards to their customers based on their shopping habits by using the solution’s feature of tracking customer behavior.

A $10-million injection will fuel international expansion

Also, retailers can become members of the platform and gain access to new customers by offering deals via the Yoyo Marketplace and learn more about customer behavior.

Yoyo recently closed a round of funding worth $10 million, which will be used to fuel its US expansion as well as its growth in its domestic, UK market, where Yoyo Wallet is the second most popular mobile wallet.