Posted on Jan. 16, 2014 in Portfolio Progress

JustYoyo, a business created by Innovations' venture partner, Alain Falys, and launched with investment from Innovations in August 2013, has launched its mobile payment platform at food and drinks shops across Imperial College London's South Kensington campus.

The Yoyo™ technology platform can be used by consumers as part of a common loyalty programme with their chosen retailers, and which also accepts and processes payments through a simple, fast mobile app without the need to carry multiple loyalty cards. Retailers benefit from simpler, streamlined transactions with a reduced need to handle cash, less customer queuing and importantly, no debit or credit card charges. The Yoyo system settles accounts directly using bank transfer.

The Yoyo app can now be downloaded from the Apple app store or Google Play

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