Visa and Yellow Card have announced a partnership aimed at exploring stablecoin opportunities in Africa to improve treasury operations, liquidity management, and cross-border payments using Visa Direct.
Visa Direct supports secure funds transfers across more than 190 countries and territories, offering seamless payment solutions. Yellow Card operates across over 20 African nations, providing users with access to stablecoins for businesses, consumers, and developers.
Chris Maurice, Yellow Card’s co-founder and CEO, emphasized the growing urgency for payment companies to adopt stablecoin strategies. “We are thrilled to partner with Visa to help realize the potential of stablecoin technology in emerging economies,” he said.
Previously, Yellow Card became one of the first African fintech firms to utilize PayPal’s stablecoin, PayPal USD (PYUSD), for cross-border money transfers via PayPal’s Xoom service.
Visa also revealed progress in its stablecoin initiatives, expanding its settlement solution in the Central and Eastern European, Middle East, and Africa (CEMEA) region. This rollout enables U.S. dollar cross-border transactions facilitated by blockchain technology.
“In 2025, we believe that every institution moving money will need a stablecoin strategy,” said Godfrey Sullivan, Visa’s senior vice president and head of product and solution for CEMEA. “Visa is prepared to help partners navigate this transformation by providing scale, trust, and innovation to build the future of global payments.”