Global stablecoin payments infrastructure provider Yellow Card has expanded into Latin America after completing the acquisition of Brazilian virtual asset service provider GoMoney.

The deal, concluded in October 2026, gives Yellow Card a direct operational presence in Brazil and strengthens its strategy to build a global financial infrastructure network. GoMoney will operate as a wholly owned subsidiary, retaining its founders in leadership, including Chief Executive Maurício Pires.

GoMoney has applied to the Banco Central do Brasil (BCB) for authorisation to operate as a virtual asset service provider under Law No. 14,478/2022 and BCB Resolution No. 519/2025. The company is currently operating under Brazil’s transitional regulatory regime while awaiting the central bank’s decision on its application.

The acquisition will enable Yellow Card clients to access local collections and disbursements in Brazilian reais through payment channels including Pix, alongside stablecoin settlement services. These offerings will be integrated with the treasury and liquidity solutions the company provides in other markets.

Yellow Card Co-Founder and Chief Executive, Chris Maurice, said the move reflects the importance of operating within local regulatory frameworks and building relationships with established payment providers.

He said GoMoney had developed a strong foundation in Brazil over eight years, adding that the combination of the two businesses would improve services for customers and advance Yellow Card’s long-term expansion plans.

Brazil’s growing cryptocurrency market presents a significant opportunity for the company. Data from Chainalysis indicates that the country recorded US$252.5 billion in cryptocurrency activity between July 2025 and June 2026, making it Latin America’s largest market. Stablecoin activity also increased by 495 per cent over the report’s 2024–2026 comparison period, supported partly by growing business demand for cross-border payments and liquidity management.

Founded in 2018, GoMoney has focused on using stablecoins to facilitate cross-border payments. Its Chief Executive, Maurício Pires, said joining Yellow Card would provide an opportunity to expand the business in Brazil and across Latin America.

The acquisition follows Yellow Card’s US$40 million financing round in August 2026, which attracted investment from Standard Chartered Bank and Sony. The company has also secured regulatory approvals and registrations in markets including Canada, Switzerland, Nigeria, Ghana and Zimbabwe.

Yellow Card says its next phase of growth will focus on strengthening its position in strategic markets, broadening its product offerings and building partnerships to support businesses operating across borders.