, an African payments and software firm, has seen a 16% year-on-year surge in transaction volumes, when comparing the first half of 2022 to the first half of 2023.
The fintech company says by integrating its technology with Mastercard Payment Gateway Services, it has opened up commerce in SA by enabling digital access, to allow entrepreneurs to get paid, run their businesses and further scale their companies. “This far surpasses a 6% to 8% inflation-related surge, and therefore means our customers grew their businesses despite extraordinary challenges. We also saw more international cards being used in H1 of 2023, indicating a return of foreign tourists.”
“Yoco Capital is a vital alternative to traditional business funding – something that is typically out of reach for many of our merchants. By democratising small business financing, we empower small business owners and further their chances of not only succeeding but thriving.
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