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]."