Yellow Card, the stablecoin payments firm has partnered with Visa to help drive stablecoin adoption across Africa.

The two firms will explore stablecoin use cases and adoption and enhance liquidity management according to business and technology site Business Tech Kenya.

According to Chris Maurice, Co-Founder and CEO of Yellow Card, “We are thrilled to partner with Visa to help realize the potential of stablecoins technology in emerging economies.”

Founded in 2016 by Christopher Maurice, the Chief Executive Officer, and Justin Poiroux, the Chief Technology Officer, Yellow Card enables businesses of all sizes to make or accept stablecoins as payments, manage their treasury, and access USD liquidity.

Since launching in Nigeria in 2019, the firm has generated volumes of over US$6 billion and provided its stablecoin adoption solutions to banks and other financial institutions, importers/exporters, manufacturers, food producers, venture-backed FinTechs, and others.

Yellow Card operates in 20+ African countries and provides access to secure, compliant, and accessible stablecoin products for consumers, businesses, and developers. This partnership further cements Yellow Card’s role as a critical financial gateway and infrastructure provider in emerging markets.

“We’re excited to team up with Yellow Card to enable faster and more accessible digital payments,” said Godfrey Sullivan, Senior Vice President and Head of Product and Solution for CEMEA, Visa. “As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments.”

In a new report released by the firm, Nigeria emerges as the global standout, ranking first worldwide for Stablecoin adoption and second for all digital assets adoption, with 25.9 million customers representing an 11.9% penetration rate.

The report identifies ten African countries in the top 50 of global digital asset adopters: Nigeria, Ethiopia (26th), Morocco (27th), Kenya (28th), South Africa (30th),
Uganda (34th), Algeria (43rd), Egypt (44th), Ghana (46th), and the Democratic Republic of the
Congo (48th).

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