Nine years ago Yoco started a business revolution in South Africa with just a payments device that empowered small businesses. On the 26th September 2024, the leading financial technology company introduced groundbreaking payment technology tools that are designed to modernise South African small businesses.
In the past, Yoco products were standalone solutions. The Yoco payments device required software from a different company to provide a digital solution. Now with the introduction of the Yoco Counter, Table by Yoco and the new Yoco App the products are enabling an integrated solution. The Yoco App is the glue that brings everything together.
Through it the businesses can access critical data that enables better business decision making. The Yoco Counter is one of the most impressive products to come out of the Yoco Next 24 event which painted a picture of the future of small businesses. The Counter product is a beautifully designed tablet-like device which comes with a fitted stand.
This product will transform business counters and enable data driven decision making for small businesses. The product is said to retail for R4999 and it comes with a payments device. For now there’s a waiting list for interested customers.
In addition to the new device a dedicated software has been launched specifically for restaurants, the Table by Yoco. It’s a solution designed to be customised for the needs of each restaurant to enable the full digital solution from ordering, payments and recording sales. All of these solutions are key in collecting small business data that may in future enable AI solutions. The Yoco story continues to evolve and it’s getting better.
This time around Yoco seems to be building towards something more bigger. Current solutions will require the technology company to work closely with customers as they customise technology solutions for each business. If Yoco continues on this trajectory, in the future it may become an African technology giant of the same size as current global software giants.
