Yoco – Everything You Need to Know


Yoco is a South African fintech company that provides small businesses with the tools they need to accept card payments. Founded in 2013, Yoco has quickly become a leader in the local market, helping thousands of businesses grow and thrive. In this article, we will explore everything you need to know about Yoco, from its features and benefits to its impact on the South African economy.

What is Yoco?

Yoco is a mobile point-of-sale (POS) solution that allows small businesses to accept card payments using a smartphone or tablet. The company provides merchants with a card reader that connects to their mobile device via Bluetooth, enabling them to process transactions securely and conveniently. Yoco also offers a range of additional features, such as inventory management, sales analytics, and invoicing, to help businesses streamline their operations.

Features and Benefits of Yoco

Yoco offers a wide range of features and benefits that make it an attractive choice for small businesses. Here are some of the key features:

  • Card Payments: Yoco allows businesses to accept all major credit and debit cards, including Visa, Mastercard, and American Express. This enables merchants to cater to a wider customer base and increase sales.
  • Mobile App: Yoco provides a user-friendly mobile app that allows merchants to manage their sales, track inventory, and generate reports. The app also enables businesses to send digital receipts to customers, reducing paper waste.
  • Inventory Management: Yoco's inventory management feature helps businesses keep track of their stock levels, set up alerts for low inventory, and generate purchase orders. This ensures that businesses never run out of essential products and can fulfill customer orders promptly.
  • Sales Analytics: Yoco's sales analytics feature provides businesses with valuable insights into their sales performance. Merchants can track their top-selling products, identify trends, and make data-driven decisions to optimize their business operations.
  • Invoicing: Yoco allows businesses to create and send professional invoices to their customers directly from the mobile app. This feature is particularly useful for service-based businesses that need to bill clients for their services.

These features offer several benefits to small businesses:

  • Increased Sales: By accepting card payments, businesses can attract more customers and increase their sales. According to a study by Visa, businesses that accept card payments typically experience a 20% increase in sales compared to cash-only businesses.
  • Improved Cash Flow: With Yoco, businesses can receive payments instantly, improving their cash flow and reducing the need for manual cash handling. This allows businesses to pay suppliers, cover expenses, and invest in growth opportunities more efficiently.
  • Streamlined Operations: Yoco's features, such as inventory management and sales analytics, help businesses streamline their operations and save time. By automating manual tasks, businesses can focus on core activities, such as serving customers and growing their business.
  • Enhanced Customer Experience: Yoco's mobile app and digital receipts provide a seamless and modern customer experience. Customers appreciate the convenience of paying with a card and receiving digital receipts, which also helps businesses build customer loyalty.

Yoco's Impact on the South African Economy

Yoco has had a significant impact on the South African economy, particularly in the small business sector. Here are some key statistics that highlight Yoco's contribution:

  • Yoco has enabled over 120,000 small businesses in South Africa to accept card payments, providing them with access to a larger customer base and helping them grow.
  • According to a study by Yoco, businesses that use their card payment solution experience an average increase in revenue of 14%.
  • Yoco's services have helped create over 3,000 jobs in South Africa, supporting economic growth and reducing unemployment.
  • By digitizing payments, Yoco has contributed to the reduction of cash transactions, which can be costly and prone to theft. This has a positive impact on the overall security and efficiency of the economy.

Case Study: The Impact of Yoco on a Local Coffee Shop

To illustrate the benefits of Yoco, let's consider the case of a local coffee shop that started using Yoco's card payment solution:

The coffee shop, previously accepting only cash payments, decided to implement Yoco to cater to customers who prefer to pay with cards. The results were remarkable:

  • The coffee shop experienced a 30% increase in sales within the first month of using Yoco. Customers who previously didn't carry cash started visiting more frequently.
  • The coffee shop's cash flow improved significantly as they no longer had to make frequent trips to the bank to deposit cash. Payments were deposited directly into their bank account, reducing the risk of theft and saving time.
  • The coffee shop was able to track their top-selling products and adjust their inventory accordingly. This helped them reduce waste and optimize their purchasing decisions.
  • The coffee shop received positive feedback from customers who appreciated the convenience of paying with a card and receiving digital receipts via email.


Yoco has revolutionized the way small businesses in South Africa accept card payments. With its user-friendly mobile app and range of features, Yoco provides businesses with the tools they need to streamline their operations, increase sales, and improve their cash flow. The company's impact on the South African economy is significant, creating jobs and contributing to the digitization of payments. Whether it's a local coffee shop or a service-based business, Yoco has proven to be a valuable partner for small businesses looking to grow and thrive in the digital age.

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