OKTO Payments announces direct Yape integration for digital businesses

OKTO Payments has announced a direct integration with Yape, one of Peru’s most widely used digital payment wallets. The move strengthens the payment service provider’s offering for merchants operating in regulated and high-growth sectors while giving businesses a more direct connection to the Yape payment rail.

The integration is particularly relevant for digital businesses operating across iGaming, e-commerce, digital content and the creator economy. According to OKTO Payments, connecting directly to the payment rail can reduce reliance on intermediaries while giving merchants greater control over payment processing, reconciliation and operational costs.

For merchants serving Peruvian consumers, the development also reflects the growing importance of local payment methods. Customers increasingly expect familiar wallets and fast payment experiences, particularly when completing transactions through mobile devices.

Direct integration targets payment performance

OKTO Payments said the direct connection is designed to deliver commercial benefits beyond the technical integration itself. The company highlighted potential improvements in payment approval performance, reconciliation processes and the overall cost of serving customers.

A direct connection can also provide merchants with greater visibility into payment flows. For businesses handling large transaction volumes, that visibility can become important when managing settlement, liquidity and transaction monitoring.

The approach is particularly significant in industries where payment friction can affect the customer journey. Online merchants often compete for customers at the checkout stage, where additional steps or unfamiliar payment processes can influence whether a transaction is completed.

By supporting Yape through a direct integration, OKTO Payments is positioning the service as part of a broader payments infrastructure rather than simply another payment option available through an intermediary.

Yape One Shot supports first-time transactions

The integration supports two Yape payment experiences through a single API connection. One of those solutions is Yape One Shot, which is designed for one-time purchases across e-commerce platforms, payment gateways and other digital merchants.

Under the stated payment flow, a customer selects Yape at checkout and the Yape application opens on the customer’s mobile device. The user can then approve the transaction directly through the application.

This structure is intended to reduce the number of actions required to complete an online purchase. For merchants, fewer payment steps can help create a smoother checkout journey while also keeping the transaction within a payment environment already familiar to the customer.

The broader significance is that merchants can offer a local payment method without having to build a separate connection for every customer journey. OKTO Payments said the two Yape experiences are available through a single API integration.

Yape On File focuses on returning customers

The second service supported by the integration is Yape On File. This solution is aimed at customers who have already linked their Yape wallet to a merchant.

Once the wallet is securely linked, subsequent payments can be completed with a single click. This creates a different use case from Yape One Shot, which is focused on the initial payment experience.

For merchants, the two services can therefore address different stages of the customer lifecycle. Yape One Shot is positioned as a low-friction option for first-time purchases while Yape On File is designed to simplify repeat payments.

This distinction can be especially relevant for businesses that rely on repeat transactions. Faster payment flows can make it easier for returning customers to deposit, purchase or otherwise transact without repeating lengthy payment steps.

Yape's role in Peru's digital economy

Yape has developed into an important part of Peru’s digital payments ecosystem. Public information from Peru's central bank confirms the continued relevance of Yape within the country's expanding digital wallet market, while Yape itself promotes online purchasing capabilities through its official services.

The announcement supplied by OKTO Payments states that Yape has 16 million active users and that 7 million of those users were previously unbanked. It also states that more than 5 million local businesses use Yape as a payment method.

These figures highlight why access to Yape can matter to merchants targeting Peruvian consumers. A payment option becomes more useful when customers already recognise it, understand how it works and use it as part of their everyday financial activity.

The wider development of digital wallets in Peru has also been supported by efforts to increase interoperability across payment providers. This has helped create a more connected retail payments environment and has strengthened the role of digital payment tools in everyday transactions.

OKTO Payments builds a broader payments infrastructure

The Yape integration forms part of a broader strategy from OKTO Payments in Latin America. The company provides merchants with access to local pay-in and payout capabilities through a unified integration while also offering services connected to treasury management, liquidity and reconciliation.

For regulated businesses, payment infrastructure often has to address more than transaction acceptance. Compliance requirements, risk controls, transaction monitoring and operational reporting can all affect how effectively a merchant manages payments at scale.

OKTO Payments has positioned its infrastructure around these requirements, with the company saying its architecture is designed to help merchants manage compliance and operational processes alongside payment flows.

That approach can be especially important in regulated sectors such as iGaming, where payment providers must operate within complex legal and financial frameworks. A single integration can also help businesses avoid building and maintaining multiple separate payment connections for different local methods.

Leadership highlights commercial value

César Rodríguez Otaola, general manager for Northern Latin America at OKTO Payments, said the initiative is intended to address the commercial impact of payment infrastructure.

“This is about helping merchants play differently – to deepen customer relationships, deliver more personalised experiences and remove the barriers that quietly kill payment conversion,” said César Rodríguez Otaola, general manager, North Latin America, at OKTO Payments.

“A direct partnership with Yape means we’re closer to the source of money, which translates into better performance and better economics for the businesses that run on us.”

Rodríguez Otaola took responsibility for OKTO Payments' Northern Latin America operations in 2026, including Peru and Mexico, as the company expanded its regional strategy.

His comments underline the distinction between simply adding a payment method and developing infrastructure around how customers actually pay. For merchants, payment performance can influence conversion, repeat usage and the cost of operating a digital business.

Yape highlights a familiar payment experience

Claudia Silva, head of payments at Yape, also highlighted the role of the integration in simplifying online payments for merchants and consumers.

“Yape is the payment method that millions of Peruvians choose every day and through our Yape On File and Yape One Shot solutions, we seek to simplify the purchasing experience for both merchants and consumers. This integration brings that simplicity directly to digital businesses, providing companies with a fast and reliable way to accept Yape, whether it is a customer’s first purchase or a returning user paying with a single click.

“The result is fewer barriers at checkout and a payment experience built around a platform that people already know and trust. This is an important step toward a more connected and inclusive digital economy in Peru.”

The comments reflect the two-sided nature of the development. For merchants, the focus is on integration, processing and performance. For consumers, the objective is a payment journey that requires fewer unfamiliar steps.

Latin America remains a strategic market

OKTO Payments said its payments infrastructure processes more than €17 billion in annualised volume and supports more than 40 international and local merchants across regulated markets.

The company highlighted its presence across Brazil, Argentina, Chile, Mexico, Colombia and Peru as part of its broader Latin American strategy. Its regional focus includes helping merchants manage local payment methods while also addressing settlement, liquidity and operational requirements.

Peru is an important market in that strategy because of the maturity and reach of local digital payment solutions. Yape's established consumer base gives merchants an opportunity to offer a payment option that is closely integrated into local consumer habits.

At the same time, payment infrastructure providers face the challenge of balancing local market requirements with the need for scalable technology. Direct connectivity can form part of that strategy by bringing payment processing closer to local rails while maintaining a single technical framework for merchants.

What the Yape integration means for merchants

The most significant aspect of the announcement is not simply the addition of another wallet option. It is the move toward a more direct relationship with a major local payment rail.

For digital businesses, this can support a more streamlined customer journey while potentially improving operational visibility. Yape One Shot can address first-time transactions while Yape On File provides a mechanism for faster repeat payments.

Combined within a single API connection, these capabilities give merchants a way to support different customer requirements without creating separate technical integrations for each payment experience.

The development also demonstrates the increasing importance of local payment preferences in Latin American digital commerce. Global merchants entering the region cannot necessarily rely on international card products alone. Consumers often favour payment methods that are embedded in their daily financial routines.

Conclusion

OKTO Payments' direct integration with Yape marks another step in the development of localised digital payment infrastructure in Peru. By bringing Yape One Shot and Yape On File together through a single API connection, the company is targeting both customer acquisition and repeat transaction use while seeking to reduce friction across the payment journey.

The announcement also reflects a broader shift in how merchants view payments. Payment processing is no longer simply a back-end utility. For digital businesses, the payment experience can affect customer trust, conversion, repeat activity and operational efficiency.

Yape's established position in Peru gives the integration particular relevance for merchants seeking to serve local consumers with familiar payment options. For OKTO Payments, the initiative reinforces its wider strategy of combining local payment capabilities with infrastructure covering reconciliation, liquidity, compliance and risk management.

As digital commerce across Latin America continues to evolve, direct connections to established local payment ecosystems are likely to remain an important consideration for merchants seeking efficient and familiar ways to move money. In Peru, the expanded relationship between OKTO Payments and Yape places that principle firmly at the centre of the payment experience.

FAQs

What is the new OKTO Payments and Yape integration?
OKTO Payments has announced a direct integration with Yape that allows merchants to access Yape payment experiences through a single API connection.

What is Yape One Shot?
Yape One Shot is designed for one-time purchases. Customers can select Yape at checkout and approve the transaction through the Yape application on their mobile device.

What is Yape On File?
Yape On File allows customers to securely link their Yape wallet to a merchant so that subsequent payments can be completed more quickly, including through a single-click experience.

Why is Yape important for merchants in Peru?
Yape is a widely used digital wallet in Peru. Its established customer base makes it a relevant payment option for merchants targeting consumers in the country.

Which industries can use the Yape integration?
OKTO Payments said the capability is relevant to digital businesses including iGaming, e-commerce, digital content and the creator economy.

What is the benefit of a direct payment rail connection?
A direct connection can give merchants greater control over payment processing while potentially reducing intermediary layers, improving reconciliation and supporting more efficient payment operations.

Can merchants access both Yape payment experiences through one integration?
Yes. OKTO Payments said merchants can access both Yape One Shot and Yape On File through a single API connection.

Does the integration support returning customers?
Yes. Yape On File is designed specifically for returning customers by allowing previously linked payment credentials to be used for faster future transactions.

What other services does OKTO Payments provide?
OKTO Payments also provides capabilities covering local pay-ins and payouts, settlement, treasury and liquidity management, reconciliation, transaction monitoring, risk management and compliance.

What markets does OKTO Payments serve in Latin America?
The company identifies Brazil, Argentina, Chile, Mexico, Colombia and Peru among the Latin American markets covered by its regional strategy.