Visa has announced a new partnership with Yellow Card to speed up the use of stablecoins for cross-border payments in Africa, the Middle East, and Eastern Europe. The collaboration aims to make international money transfers faster, cheaper, and available every day of the year, even on weekends and holidays.
Stablecoins, digital currencies tied to the value of the US dollar, are gaining traction worldwide as a secure and affordable way to move money across borders.
Visa, one of the world’s biggest payment companies, has processed over $225 million in stablecoin payments through its network. With this partnership, Visa plans to leverage that progress by bringing stablecoin settlement to more banks and businesses in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region.
Yellow Card, a growing fintech company licensed to operate in over 20 African countries, will work alongside Visa to test stablecoin solutions for day-to-day business payments and financial operations. The companies will also look at ways to connect these stablecoin tools with Visa Direct, Visa’s system that allows fast and secure transfers to over 190 countries.
Godfrey Sullivan, Visa’s Senior Vice President and Head of Product and Solution for CEMEA, said that having a stablecoin plan is becoming essential for all companies that move money. “As more people and companies use this technology, Visa is ready to help partners handle this change safely and at scale,” he said.
Chris Maurice, Co-Founder and CEO of Yellow Card, added, “Together with Visa, we’re building a bridge between today’s financial system and the future of money movement. Our goal is to make sending and receiving money quicker, safer, and more transparent for everyone.”
With the payments industry evolving quickly, this partnership highlights a shift toward modern, digital ways to handle money, especially in markets where affordable and reliable financial services are still out of reach for many.
About Yellow Card
Founded by Christopher Maurice and Justin Poiroux in 2016, Yellow Card helps businesses and individuals in Africa and other emerging markets send and receive money using stablecoins. Since launching operations in Nigeria in 2019, Yellow Card has handled over $6 billion in transactions and now serves customers in more than 20 countries.
