Yo! was the first company to launch and profitably operate a multipurpose mobile payments aggregation service in Uganda, Yo! Payments, in 2010, and has continued to be at the forefront of developing financial technology solutions for business.

Through its Yo! Payments platform, the company provides full support for Mobile Money services including integrations with several banks, utilities, and customers wishing to make and accept payments through all mobile networks currently active in Uganda. Apart from mobile money, other mobile platforms leveraged include SMS, USSD, and IVR enabling businesses to accept payments through Point of Sale devices, Mobile Applications (Apps), and web transactions.

Yo! Uganda offers a range of services which include the following;

Merchant Payments
In Uganda and across the world, online payments, and credit and debit card payments are becoming popular every other day, while cash and checks are continually decreasing in value. A merchant or any payment system that allows account holders to accept payments in numerous ways (usually debit or credit cards) can help you add value to your business.

We enable businesses of all sizes to securely accept Mobile Money payments for their goods and services through any channel of their choice, depending on their needs. Several hundreds of merchants rely on us for the Mobile Payments processing.

Bulk Payments
A bulk payment is a system that allows a company/individual to make debit payments to multiple beneficiaries. For instance, payouts. Meanwhile, a bulk list is the list of beneficiaries that the creditor intends to pay from a single account. The creditor’s bank statement reflects this bulk transfer as a single payment.

Fintech players like Yo! Uganda have more user-friendly solutions for bulk payment processing. They are faster, highly scalable, and offer higher security. Many businesses use bulk payments on a daily, weekly, and monthly basis.

Numerous organizations are using our Bulk Payments service to securely and conveniently disburse funds directly to the mobile money wallets of multiple beneficiaries. Our platform supports some of the most sophisticated security features.

Branchless Banking
We are enabling Financial Institutions to reduce costs by accepting deposits from their customers directly from their Mobile Money wallets as well as transmitting withdrawals directly to their Mobile Money wallets.

Mobile Banking
Now more than ever, it’s essential to be able to conduct some tasks remotely, such as banking, instead of visiting a physical location. So, whether you are new to mobile banking or not, chances are you can learn something from this look at the benefits of mobile banking.

Financial institutions using our Mobile Banking product are realizing numerous benefits such as reduced cost of engagement, additional revenue streams, and increased customer loyalty.

Mobile VAS (SMS, USSD, IVR)
Value Added Services (VAS) refer to the non-core services offered in the telecom sector. All services apart from standard voice calls and fax transmissions are considered VAS. These services can be used to promote an operator’s primary business.

VAS spurs mobile subscribers to increasingly use their mobile devices in order to allow the operator to pull up their average revenue per user.

For more than 10 years, hundreds of organizations in and outside Uganda have relied on our stable, dependable, and scalable SMS, USSD, and IVR aggregation services to power country-wide and localized for-profit and social campaigns.

Custom Software Development
Custom software development is the process of designing, creating, deploying, and maintaining software for a specific set of users, functions, or organizations.

Innovation is our lifeblood. We never shy away from the challenge of creating the status quo or inventing the next “state of the art”. We actively seek opportunities to assert our status as the leading innovators in Uganda.

Here are some of the opportunities presented to you as a business owner when you invest in merchant payment systems.

1. Better money management
Online payments provide the ideal avenue to simplify the way your business handles transactions. We all know the inconvenience that comes with counting cash – imagine counting your money and you’re not sure of whether you’ve done the right calculation. Electronic payments therefore help you keep organized and facilitate better cash flow management and forecasting.

2. Increase sales and profits
It’s really this simple, your merchant payment system allows you to accept payments in many different forms. This culminates into more sales, greater market reach and less missed sales.

For old customers to return and attract new ones, offer convenience with your services

Besides, to remain competitive and relevant and maximize sales and profits, you need to accept card or mobile money payments.

3. Customer convenience
By using a merchant account, your customers satisfaction is guaranteed and they will definitely return simply because the system gives them the flexibility to purchase in numerous ways (credit or debit cards, online payments through mobile money). This allows customers to relish their experience with your business since they can shop when and how they want with simplicity.

4. Faster means of payment
As a business owner, this is an ideal opportunity to reap from the benefits presented by merchant payment.

Faster means of payment offers convenience for customers

Today, most of the customers prefer to make payments through cards or mobile money. Besides, transactions through cards or mobile money take lesser time. So, when you get a merchant payment account, you can manage all your payments through this account.

5. Receive online payments
Having your business online is very critical today. There are so many people who pay most of their bills, do shopping and manage their account online.

There are so many people who pay for services online

So, having a dependable merchant payment system provides you with the ability to issue invoices, receive credit, and take your business with you wherever you go.