“There is investor confidence and appetite for new business models and untapped segments in South Africa,” co-founder and Chief Business Officer Carl Wazen said. South African fintech firm Yoco has secured $16m funding for its card reader and app that enables users to turn their smartphones into payment terminals. The company is working with the likes of Samsung Electronics Co Ltd, Visa Inc (V.N) and Mastercard International Inc. (MA.N), which together account for about a quarter of all mobile payments in
South African fintech firm Yoco has secured $16m funding for its card reader and app that enables users to turn their smartphones into payment terminals. The company is working with the likes of Samsung Electronics Co Ltd, Visa Inc (V.N) and Mastercard International Inc. (MA.N), which together account for about a quarter of all mobile payments in