Yellow Card expands payment feature across Africa
12-01-2023 10:32:00 | by: Marlene Mutimawase | hits: 3261 | Tags:

Yellow Card announced that its revolutionary new payment feature Yellow Pay, is now officially available across Africa. With Yellow Pay, customers can send and receive money through the Yellow Card crypto exchange platform, without any extra charges, instantly with just a few taps on their phone.

The company’s Yellow Pay, which was previously available only in Nigeria, uses the Yellow Card cryptocurrency exchange platform to complete customers’ transactions in USDT.

“This is more than just a money transfer service — it’s a powerful tool that will unlock new opportunities for people across Africa,” said Yellow Card CEO and Co-founder Chris Maurice. “By enabling instant, low-cost transactions across borders, we are helping to create a more connected and dynamic Africa.”

The new product uses Yellow Card’s crypto exchange platform to complete customer transactions in USDT. It is important to note that Yellow Pay is not a money remittance or foreign currency exchange service. Rather, Yellow Pay is an advanced crypto exchange product.

Since the product’s launch  in Nigeria earlier this year, one of the major upgrades is that customers can now transfer money to anyone in all Yellow Card countries with just their phone number, and the recipient will be able to receive and withdraw the funds once they sign up. Previously only existing customers could send and receive with Yellow Pay. The other upgrade is that transfers within the same country are free.

"Yellow Pay is just the latest in a series of innovative features that make Yellow Card a must-have for anyone looking to take control of their finances with ease. This new product feature not only makes  it easier for family members to support each other across Africa with ease, but it also opens up the continent to more investment, access to credit, business grants and generally will improve the ease of doing business,” added Chris. 

The expansion of Yellow Pay comes about four months after Yellow Card raised $40 million in a Series B funding round and said it would use the new capital to fuel growth, develop new products and advance its strategic partnerships across Africa.