Homework helps revolutionise payments
Arthur Goldstuck talks to Yoco founder Katlego Maphai, a stickler for research
Eight years ago, we sat down to chat with a bright young innovator who had come up with a bright new idea: a low-cost mobile terminal that would allow the smallest of businesses to accept credit card payments without jumping through hoops.
For the previous three years, Katlego Maphai had done his homework, and finally passed the exams of the marketplace: developing a device that could receive payments when linked to a smartphone, getting payments working via the cloud, getting “supermerchant” status from a major bank that allowed his business to act as a go-between for entrepreneurs without card-acceptance facilities and getting merchants to try his system before it formally launched...
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