Yellow Card, the global stablecoin payments infrastructure provider with operations in Nigeria and other African markets, has acquired Brazilian virtual asset service provider GoMoney as it seeks to capitalise on the rapid growth of stablecoin transactions and cross-border payment demand in Latin America.
The acquisition establishes Yellow Card’s direct operations in Brazil, where cryptocurrency activity reached $252.5 billion between July 2025 and June 2026, making it the region’s largest cryptocurrency market, according to Chainalysis.
The deal comes amid a sharp increase in stablecoin adoption in the country, with activity rising 495 percent across Chainalysis’ 2024–2026 comparison period, driven partly by growing business use of digital assets for international transfers and liquidity management.
For Yellow Card, the acquisition provides an entry point into a market where businesses are increasingly exploring stablecoins as an alternative channel for moving money across borders, managing foreign currency exposure and accessing dollar liquidity.
Under the transaction, GoMoney becomes a wholly owned subsidiary of Yellow Card but will continue operating under its existing leadership. The Brazilian company was founded in 2018 and is headquartered in SĂŁo Paulo.
The integration will enable Yellow Card clients to collect and disburse payments in Brazilian reais through local payment infrastructure, including Pix, while settling transactions in stablecoins. These services will be integrated with the treasury and liquidity solutions Yellow Card already provides across its other markets.
Pix, Brazil’s instant payment system, has become a significant component of the country’s digital payments ecosystem, making access to its infrastructure strategically important for international payment providers seeking to serve Brazilian businesses and customers.
Chris Maurice, co-founder and chief executive officer of Yellow Card, said the acquisition reflects the importance of local payment infrastructure, regulatory compliance and established market relationships in building international financial services.
“Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively,” Maurice said.
He added that GoMoney’s eight-year operating history in Brazil would help Yellow Card deliver greater value to customers while accelerating its long-term expansion plans.
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Brazil’s growing stablecoin opportunity
Brazil’s cryptocurrency market presents a significant opportunity for payments companies seeking to expand the commercial use of stablecoins beyond trading and investment.
The 495 percent increase in stablecoin activity points to growing demand for digital dollar-based transactions in a market where businesses increasingly require efficient ways to settle international payments and manage liquidity.
Stablecoins are cryptocurrencies designed to maintain a relatively stable value against an underlying asset, typically the US dollar. Their appeal to businesses lies in their ability to facilitate transfers and settlement without relying exclusively on traditional correspondent banking arrangements.
For companies operating across multiple countries, stablecoin infrastructure can potentially reduce settlement friction, improve access to dollar liquidity and simplify treasury operations.
However, the commercial opportunity also comes with regulatory and operational challenges, particularly as governments introduce formal licensing and supervision frameworks for virtual asset providers.
GoMoney has already filed an application with 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 continues to operate under Brazil’s transitional regime for virtual asset service providers while its application awaits regulatory review and approval.
This distinction is important because the acquisition does not automatically confer full regulatory authorisation on GoMoney or Yellow Card. Final approval remains subject to the Brazilian central bank’s assessment.
MaurĂcio Pires, GoMoney’s chief executive and one of its founders, said the two companies share a business focus on using stablecoins to facilitate international payments.
“We have spent the last eight years building a virtual asset service provider business in Brazil focused on using Stablecoins as a means of effecting cross-border payments, similar to what Yellow Card has been doing in Africa and globally over the same period,” Pires said.
He said joining Yellow Card would support the expansion of GoMoney’s business in Brazil and other Latin American markets.
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Yellow Card accelerates global expansion
The Brazilian acquisition extends Yellow Card’s strategy of building a financial infrastructure network connecting emerging markets with global payment and liquidity systems.
The company’s expansion comes after it raised $40 million in August 2026 in a financing round that included investments from Standard Chartered Bank and Sony.
It has also secured regulatory approvals and registrations in several markets, including Canada, Switzerland, Nigeria, Ghana and Zimbabwe.
The company provides stablecoin payment infrastructure to financial institutions, fintech companies and multinational businesses, enabling them to access US dollars, manage treasury operations and transfer funds across borders.
Its infrastructure supports more than 50 currencies, with a focus on connecting businesses operating in emerging markets to international financial systems.
The acquisition of GoMoney gives Yellow Card an established local operating platform rather than requiring it to build its Brazilian presence entirely from scratch.
It also provides access to local payment collections and disbursements, which are critical for international payment providers seeking to serve businesses that need to receive funds in domestic currencies while settling internationally.
For African fintech and payments companies, Yellow Card’s expansion into Brazil also reflects the growing commercial importance of stablecoin infrastructure beyond the continent.
While Africa remains an important market for the company, its entry into Latin America broadens its geographical reach and creates opportunities to serve businesses moving money between emerging economies and global markets.
The immediate challenge will be converting Brazil’s growing stablecoin activity into sustainable business revenue while navigating regulatory requirements and competition in the country’s established digital payments market.
Yellow Card said its next priorities include deepening its presence in strategic markets, expanding product capabilities and strengthening partnerships to support businesses operating internationally.
The success of the Brazilian expansion will depend not only on the scale of cryptocurrency adoption but also on how effectively the company integrates local payment systems, secures regulatory authorisation and attracts businesses seeking alternatives to conventional cross-border settlement channels.
Royal Ibeh is a senior journalist with years of experience reporting on Nigeria’s technology and health sectors. She currently covers the Technology and Health beats for BusinessDay newspaper, where she writes in-depth stories on digital innovation, telecom infrastructure, healthcare systems, and public health policies.
