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Yoco and that beaten-down eatery in the US

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Cape Town - The idea to roll out a client-centric, easy-to-use mobile payment system in South Africa came to the Yoco co-founders while sitting in a run-down eatery in the US.

Sharing the memory with Fin24, CEO Katlego Maphai described the contrast between this "really beaten-down barbecue eatery" and the modern payment system.

"There was really nothing on the counter top, no till, nothing. She [the owner] asks us how we'd wanted to pay, takes out this Android phone, sticks in this dongle, swipes his [my friend's] card and he signs with his finger... it was just like [the] lights [went on]."

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