YumitPay is an open payment ecosystem that enables businesses to accept cryptocurrency payments directly into their bank accounts without incurring transaction fees. This platform simplifies the payment process for merchants by eliminating the need for technical integration and protecting against cryptocurrency volatility.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses, particularly in Latin America, face challenges in adopting cryptocurrency payments due to transaction fees, technical integration complexities, and the volatility associated with cryptocurrencies. This limits their ability to tap into the growing market of crypto users and offer more payment options.
Solution
YumitPay offers an open payment ecosystem designed to enable businesses to accept cryptocurrency payments directly into their bank accounts without incurring transaction fees. The platform simplifies crypto payment acceptance by removing the need for complex technical integrations and protecting merchants from cryptocurrency volatility. Businesses can use YumitPay to receive payments in widely used cryptocurrencies and access a dashboard to monitor transactions. YumitPay provides tools such as payment links, embeddable widgets, and API integrations to facilitate cryptocurrency payment acceptance across various sales channels, including web checkouts, mobile POS systems, and digital cash registers.
Target Audience
YumitPay targets retail businesses, service providers, and enterprises of all sizes, particularly those in Latin America, that seek to accept cryptocurrency payments without incurring fees or managing cryptocurrency volatility.
Features
- Fee-free cryptocurrency payment acceptance in major cryptocurrencies
- Direct deposit of cryptocurrency payments into the business's bank account
- Real-time payment processing
- Anti-Money Laundering (AML) system and transaction monitoring for security
- Payment links for easy sharing on social media and other platforms
- Embeddable widget for seamless integration into e-commerce websites
- API for custom integrations with existing systems
- Dashboard for tracking and managing cryptocurrency payments
- Support for web checkouts, POS systems, mobile devices, and digital cash registers