“The true measure of innovation isn’t creating something new, it’s creating something that makes a difference,” said the soft-spoken Lungisa Matshoba, CTO at Yoco, on the verge of announcing the new machine.
Lungisa says that business owners are facing challenges like power cuts and inflation at unprecedented levels; “we believe that getting paid shouldn’t be one of them.” This forms part of the machine’s marketing catchphrase of #DramaFree. Yoco’s Neo Touch is aimed at helping make the lives of these business owners easier, and for them to be able to access their cashflows as soon as possible.
“Yoco is the first payments company to receive permission from the Payments Association of South Africa to remove magstripe functionality. By removing swipe-to-pay functionality, Yoco has introduced an additional layer of security to protect both customers and consumers, while beneficially bringing down the production cost of the hardware,” it explains.
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