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Visa has partnered with Yellow Card, a major African stablecoin payment platform, to expand the use of stablecoins across Africa. The partnership aims to improve cross-border payments in countries with poor access to US dollars.
As part of this deal, Visa and Yellow Card will launch stablecoin transactions using USDC, a USD-pegged stablecoin, in at least one African country by the end of 2025. Additional markets are expected to be added in 2026.
The partnership is a cross-border settlement and financial inclusion initiative in the CEMEA region. The goal is to streamline cross-border payments and support the growth of digital finance systems in regions with limited access to traditional banking services.
According to Yellow Card’s CEO, Chris Maurice, this alliance targets improved treasury operations, liquidity efficiency, and affordable transfers. Notably, more than $225 million in stablecoin volume has been processed since 2023 using Circle’s USDC.
The deal also enables Visa Direct to expand its real-time transaction support to Yellow Card users in 20 African nations. This move is expected to improve remittances for unbanked communities and small businesses.
Furthermore, the partnership reinforces the growing demand for digital finance systems in Africa. A recent report by Chainalysis highlights a significant surge in crypto adoption across Sub-Saharan Africa, driven primarily by stablecoin popularity.
Source: cryptotale.org
