Visa Yellow Card Partner to Boost Africa Cross-Border Payments with Stablecoins by 2025

Visa and Yellow Card have joined forces to promote the use of stablecoins for cross-border payments across Africa by 2025. This partnership aims to revolutionize cross-border payments using stablecoins, thereby enhancing financial inclusion in African markets. The collaboration involves the use of USD stablecoins such as USDT and PYUSD. Yellow Card, Africa's first licensed stablecoin payments orchestrator, has processed over $6 billion in transactions. Visa will support Yellow Card to facilitate faster, more accessible digital payments, particularly in regions with currency volatility.

The partnership is expected to lower remittance costs while increasing access to faster, stable digital payments. This move reflects growing institutional confidence in stablecoin strategies for financial transactions. Both Visa and Yellow Card anticipate that stablecoin utilization will increase financial inclusion and efficiency. Executive comments express optimism about the technology's impact on emerging economies. "Traditional payment companies continue to question not ‘if’ they need a stablecoin strategy, but how quickly they can deploy one," said Chris Maurice, Co-Founder and CEO, Yellow Card.

Historical precedents illustrate successful outcomes of similar integrations, underscoring potential technological advancements. Expectations include enhanced payment ecosystem benefits and continued collaboration on financial innovations. The partnership will explore stablecoin use cases across markets where the African fintech is licensed to operate, focusing on streamlining treasury operations and enhancing liquidity management. The collaboration will debut stablecoin payments in at least one African market in 2025, with the potential to expand further based on the success of the initial rollout.