About
Yoco is a mobile POS startup based in Cape Town, South Africa. We enable underserved sellers to easily accept chip & PIN cards on the go or at the point-of-sale. Unlocking a wide range of new and exciting commercial and financial possibilities. Yoco has a full super-merchant setup, the first such setup for a mobile POS company in South Africa. This allows us to do their own merchant vetting, bypassing the banks’ manual and restrictive vetting process. A game changer for a market where banks normally vet out more than 51% of applications for POS terminals. Yoco has managed to reduce merchant onboarding time by 80% and is achieving a 95% approval rate for merchant applications. In South Africa, there are over 78 million bank cards in a market of 51 million people, but only 15% of merchants can actually accept cards. This is a $20 billion transaction volume opportunity per annum, which Yoco is working to close.