OKTO Payments Integrates Yape to Optimise Digital Payments in Peru

Peru.- 8 September 2026 | www.zonadeazar.com OKTO Payments has announced a direct integration with Yape aimed at expanding its payment infrastructure in Peru and providing digital merchants with a faster, lower-friction checkout experience.

The connection gives merchants access to Yape One Shot and Yape On File through a single API integration, supporting both first-time purchases and recurring transactions.

Direct Yape Integration

The new structure allows OKTO Payments to move beyond offering Yape simply as an additional payment method and instead operate through a direct connection with the platform.

The model is intended to provide:

  • Greater operational control.
  • Improved approval performance.
  • More accurate reconciliation.
  • Lower servicing costs.
  • Faster payment processing.

The proposition is particularly relevant to digital businesses handling high transaction volumes.

Yape One Shot

Yape One Shot is designed for single payments.

When users select Yape on a digital merchant’s website or application, the Yape app opens automatically on their mobile device.

They can authorise the transaction directly without entering additional codes or registering bank details.

The streamlined journey is intended to reduce checkout friction and improve first-payment conversion.

Yape On File

Yape On File is designed for repeat customers.

Users securely link their wallet once and can subsequently complete future payments with a single click.

The solution is intended to simplify repeat deposits and purchases by eliminating unnecessary steps each time customers transact.

Conversion Strategy

Combining One Shot and On File allows merchants to address different stages of the customer lifecycle.

One Shot simplifies customer acquisition through the first transaction, while On File is focused on retention and repeat activity.

For high-volume businesses, this can help turn occasional buyers into higher-value recurring customers.

iGaming Applications

The solution is targeted at several digital industries, including iGaming.

Online betting and gaming platforms rely heavily on fast, simple and reliable deposit journeys to minimise checkout abandonment.

The direct integration therefore provides access to one of Peru’s most widely used digital payment methods.

16 Million Active Users

Yape has approximately 16 million active users.

Around 7 million of those users previously had no bank account.

The wallet is also used as a payment method by more than 5 million local businesses.

Its growth has made it a significant tool for both digital payments and financial inclusion in Peru.

Broader Payment Infrastructure

Beyond Yape, OKTO Payments enables merchants to manage multiple functions through a single infrastructure.

These include:

  • Local collections.
  • Payouts.
  • Settlement.
  • Treasury.
  • Liquidity management.
  • Automated reconciliation.
  • Transaction monitoring.
  • Risk management.
  • Compliance.

The company positions payments as performance infrastructure rather than solely as a transactional utility.

Statements

César Rodríguez Otaola, General Manager of OKTO Payments for Northern Latin America, said the integration is designed to help merchants deepen customer relationships, offer more personalised experiences and remove barriers that can negatively affect payment conversion.

He added that a direct connection with Yape places OKTO closer to the source of funds, which can translate into improved performance and economics for businesses using the platform.

Yape Payments Director Claudia Silva said One Shot and On File are intended to simplify the purchasing experience for both merchants and consumers.

She added that the integration gives digital businesses a fast and reliable way to accept Yape whether serving a first-time customer or a repeat user paying with one click.

Higher Approval Rates

According to OKTO Payments data, transactions completed using trusted digital wallets such as Yape can achieve approval rates 8% to 10% higher than traditional methods such as bank transfers.

Using a payment option that customers already recognise and trust can help reduce cart abandonment during the final stage of checkout.

Digital Payment Growth in Peru

Peru’s digital-payment market continues to expand rapidly.

Digital transactions grew 61.8% year on year during the first half of 2025.

E-commerce now accounts for approximately 65% of total card spending, while digital-wallet transactions have increased by more than 500% since 2019.

OKTO Payments Regional Scale

OKTO Payments processes more than EUR17 billion annually.

Its infrastructure supports more than 40 international and local merchants across regulated markets.

Its Latin American footprint includes:

  • Brazil.
  • Argentina.
  • Chile.
  • Mexico.
  • Colombia.
  • Peru.

Industry Context

Growth in digital wallets is reshaping payment infrastructure across Latin America.

Consumers increasingly expect fast, mobile-first and low-friction payment experiences, while merchants are seeking lower processing costs and better conversion.

For industries such as iGaming, where recurring deposits and transactional speed are particularly important, direct integrations with local wallets are becoming strategically significant.

Next Steps or Impact

Merchants connected to OKTO Payments will be able to offer Yape One Shot and Yape On File through a single integration.

The direct connection is intended to improve payment approval, reconciliation and operating economics while making repeat transactions easier.

The partnership strengthens OKTO Payments’ position in Peru and supports its wider strategy of providing localised payment infrastructure across regulated and digital markets in Latin America.

Editó: @fonta

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