SA Fintech Startup Yoco Unveils Digital Payment Solutions For SMEs

Yoco, a South African fintech startup has launched payment solutions targetted at small and medium-sized enterprises (SME).

According to Yoco, the new payments platform will help businesses in South Africa sustain their cash flows as a national lockdown due to the coronavirus pandemic has grounded everything.

Yoco has launched three new payment platforms that are designed to help businesses securely accept online payments, track and reconcile invoices and payments, both online and offline.

The three payment platforms are – Payment Page, Gift Vouchers, and Payment Request.

Katlego Maphai, co-founder and chief executive officer at Yoco told the media, “Yoco’s mission has always centered around helping small businesses thrive and supporting them is more important now than ever before.

“The national lockdown has had a severe impact on our merchants. Through our platform and the results of a recent merchant survey, we have seen up to a 90% decrease in in-person transactions since the lockdown began.

“We knew that the best way to support our merchants was to develop products that would enable them to do business online and keep money coming in through this period.”