Key Moments:
- OKTO has introduced live real-time A2A deposits and withdrawals in Peru, accessible via interoperable QR codes.
- The service fully supports popular Peruvian digital wallets, including Yape, Plin, and Bim.
- Merchants can integrate the solution directly into their platforms, enhancing transaction speed and reducing operational risks.
Expanded Account-to-Account Solution Launched
OKTO, a notable provider of orchestrated payments technologies in Latin America, has announced the launch of live real-time account-to-account (A2A) deposits and withdrawals for the Peruvian market. This development represents an extension of OKTO’s comprehensive Orchestrated Pay-ins & Payouts offering, aimed at supporting merchants with better customer conversion, operational efficiency, and risk management. The platform is engineered to provide immediate transaction capabilities from the first day through direct access to a large user base.
Streamlined Payments via QR and Local Wallets
The platform enables users to deposit and withdraw funds instantly by scanning an interoperable QR code connected to their chosen Peruvian digital wallet. Major wallets such as Yape, Plin, and Bim are integrated into the system, giving users the ability to transact with their preferred methods securely and efficiently.
Direct Merchant Integration for Enhanced Conversions
Merchants are able to embed OKTO’s A2A system within their checkout or deposit pages on mobile, app, or web interfaces. This strategy not only expedites payment processing and instant transaction confirmation but also mitigates risks associated with chargebacks and simplifies reconciliations. The interoperability across financial institutions extends merchant reach while maintaining minimal operational challenges.
Operational Advantages and Security
The push-payment model implemented by OKTO provides real-time authorization for transactions, which contributes to improved cash flow management and reduced risk. By offering a centralized platform for multiple payment methods, OKTO allows businesses to streamline costs, accelerate reconciliation timelines, and enhance user satisfaction.
Accessibility and User Trust
The platform’s support for widely recognized QR-wallets leverages existing trust among millions of users in Peru. Real-time confirmation alleviates waiting periods and reduces the likelihood of transaction disputes, offering a seamless experience regardless of whether users are online or on mobile devices. The unified interface for A2A and QR payments eases the operational load for internal teams and facilitates uninterrupted payments for end users.
Market Impact and Broader Implications
This development is poised to strengthen the adoption of digital payments in Peru, allowing merchants to move higher transaction volumes and broaden their market presence. The stable, real-time A2A payment technology empowers businesses to present more streamlined payment choices, build revenue consistency, and foster deeper customer connections.
Product Availability
OKTO’s solution, which enables instant account-to-account deposits and withdrawals using interoperable QR codes, is now live in Peru, accessible via the OKTO Payment Platform for merchants.
| Feature | Description |
|---|---|
| Transaction Speed | Instant A2A deposits and withdrawals via QR code |
| Wallet Coverage | Supports Yape, Plin, Bim |
| Merchant Integration | Checkout, deposit pages (mobile, app, web) |
| Operational Benefits | Reduces chargebacks, improves reconciliation, lowers costs |
- Author
Daniel Williams
