Payment approval rates on UnDosTres, a platform for centralizing payments, have risen to industry-leading highs, with over 80% of payments completed. This significant increase in approvals follows a partnership with global fintech Unlimit to facilitate debit and credit card transactions on the Mexican super-app.

For online payments to be approved, they must first go through Unlimit’s robust anti-fraud processes. Unlimit’s Customer Success team, in conjunction with the UnDosTres fraud team, is providing rapid remediation for each declined transaction, thereby bolstering approval rates.

The use of mobile phones for online purchases in Mexico is becoming increasingly common. According to figures from the “Global Digital Payment Index,” mobile phone payments now represent 16.1% of all online transactions. Research also reveals that the use of cash in stores has decreased by 23% 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.

"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," highlights Arturo Ruiz, Commercial Director of Unlimit in Mexico.

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. To use the app, users simply select the desired payment category and choose their payment option. Transactions are completed immediately, with confirmation sent in less than 30 seconds.