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Yoco scoops Small Business Awards for its (low-cost) portable card reader

1 September 2016 9:14 PM
Cash is dead! Can’t afford (or don't want) a traditional Point-of-Sale machine? Yoco turns your smartphone into one.

What’s amazing is that the runners up, Cape Canopy Tour and YARD, are our customers!

Katlego Maphai, Yoco

We have businesses processing R5000 per month. We also have businesses processing R1 million per month.

Katlego Maphai, Yoco

We are highly impressed with their product and how it improved the speed of service in our own shop. As a chef/restaurateur it’s vital to speed up the payment process. Once customers are ready to pay the bill they no longer provide revenue for the business. Yoco makes our customers happy and enhances our profitability.

Marijke Duminy, nominator

It’s official!

Yoco is the 2016 Sage One and CapeTalk Small Business Awards winner (scroll down for a short video of the event).

Cofounder and CEO Katlego Maphai was elated when he received his award from Sage One on Thursday evening at a prize giving event at the Two Oceans Aquarium in Cape Town’s Victoria and Alfred Waterfront.

Cash is dead - your customers want to pay by card! Yoco turns your smartphone into a fast, reliable Point-of-Sale machine...

Yoco provides an easy-to-use, portable card reader that speaks to a merchant’s mobile phone, enabling it to cheaply and securely allow card payments.

Other benefits include:

  • Yoco charges no monthly fees.

  • Yoco offers insights into transaction data gathered by the card reader.

  • Yoco seamlessly integrates with accounting software in order to eliminate manual bookkeeping.

Yoco currently has more than 2500 merchants across the country and adding about 400 each month.

Scroll down to listen to an interview CapeTalk's John Maytham did after Yoco's nomination.

Yoco's Katlego Maphai accepts the 2016 Small Business Awards with Sage One from John Maytham.

Runners up:

  • Ryan Larkman’s Cape Canopy Tour, a zipline canopy tour in the Elgin Valley near Grabouw.

  • Megan Eloff’s YARD restaurant for “serving the most delicious and biggest burgers in Cape Town".

YARD's Megan Eloff poses with Sage One's Steven Cohen and Kieno Kammies.

Cape Canopy Tour's Ryan Larkman with Cohen and Kammies.

Prizes:

Sage One awarded Yoco with a laptop and free access to Sage One Accounting and Sage One Payroll software, giving them the freedom they need to run their business anywhere, anytime.

Yoco also received a training course, or seminar of their choice, as well as a year’s worth of software support.

It also received free advertising on Cape Talk to the value of R250 000.

The two runners-up received Sage One Accounting and Sage One Payroll software.

They also got a free training course, or seminar of their choice, as well as a year’s worth of software support.

In addtion, they'll get free advertising to the value of R125 000 on CapeTalk.


1 September 2016 9:14 PM

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