Digitizing Payments at the Point of Sale in Africa: why Partech is investing in Yoco
By Cyril Collon, General Partner at Partech
At Partech, we believe in the pertinence and value of small business software and services, especially when it comes to Africa. Since we first met Bradley, Carl, Katlego and Lungisa, we have been consistently impressed by their bold vision and their relentless determination to change the way African small businesses receive payment and manage their day-to-day activity.
Yoco’s product set and operational excellence explain how in just a few years, they became the clear leader in South Africa for card payments, Africa’s largest digital payments market, where they now serve more than 27,000 merchants. While we have seen leaders in that space emerge in the US and Europe, Africa remained a blue ocean. Consumer spending in Africa amounts to over $1.4 trillion, much of which is driven by small businesses, which were poorly served in terms of payment terminal and software for years: Yoco is now bridging this gap.
Read the complete blogpost on Medium.