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The Yoco Point of Sale Launch

Yoco opened the doors to the new Parkhurst store. During the launch, there was also a surprise: the Yoco Point of Sale launch.
The Yoco founders at the POS launch.

Being a tech company, we love the digital space. We value the instant access to information, the speed, the emoticons and the ability to collaborate and help people no matter where they are in the world. In fact, last month alone the Yoco team sent 92 000 messages to each other on Slack and we had 50 000 interactions with people on our social media channelsBut, there’s something else we value just as much. If not more. It’s the ability to meet people in real life, to shake hands, express emotions and have the Yoco Point of Sale launch. This is why we opened the Yoco Store. A space that will soon be known as ‘the home of the entrepreneur.’ We’re proud to say it’s one of the first of its kind.

Entrepreneurs, the engine of the economy

Yoco CEO, Katlego, kicked off the event by sharing why small businesses are so crucial to the country. He went on to explain that small businesses are also hugely underserved by the larger providers.

Katlego Maphai, CEO of Yoco, talking at the Yoco Point of Sale launch.

Small businesses contribute 50% to the economy and employ over 60% of the country. If you select any small business in South Africa, there is a 75% chance that your customer will want to pay by card but only a 10% chance that you will be able to accept card payments.”

The Yoco Point of Sale

Katlego then invited Lungisa, Yoco’s CTO, to speak about our latest product release – the Yoco Point of Sale.

We see a Point of Sale as the engine - the heart of a business. If you take a business that is not operating on a Point of Sale, there is so little they know about how they operate as a business. A Point of Sale is essential, however, because of the extreme costs of getting it, typically only larger businesses can access these high-quality products.

Lungisa Matshoba, Chief Technology Officer, Yoco

Lungisa demonstrated the new Yoco Point of Sale and how each feature helps the business owner provide a better experience for their customer.

“Everything we’ve built has been done to give the business owner fine-grained control. The Yoco Point of Sale is YOUR point of sale, it’s the planning hub for your business. You can customise your products the way you need to, control what permissions your staff have and get insights on every single thing sold,” said Lungisa.

The crowd-pleaser moment was the announcement that every business who owns a Yoco card machine gets the Yoco Point of Sale for free!

The launch of the Yoco Point of Sale at the Parkhurst store
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After the talks, the audience was invited to the Yoco Experience Wall. And using the pre-paid gift cards they received in their goodie bags, our guests could select their own gift through testing out the Yoco Point of Sale – placing the order, checking out and completing the transaction by using the Yoco Pro card machine.

Thank you to everyone who attended and helped to make the event so incredibly special. We would also like to thank everyone who couldn’t attend but still supported us from afar by watching our Facebook Live video.

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