Latest news with #ChrisMaurice
Zawya
11 hours ago
- Business
- Zawya
Africa: Yellow Card and Visa's strategic alliance aims to fast-track stablecoin adoption globally
Yellow Card, a licensed stablecoin payments orchestrator in Africa, has partnered with Visa to accelerate innovation in cross-border payments and digital financial infrastructure. The two will explore stablecoin use cases to streamline treasury operations, improve liquidity management, and enable faster, more cost-effective money movement across emerging markets. '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 chief executive officer of Yellow Card. 'We are thrilled to partner with Visa to help realize the potential of stablecoins technology in emerging economies.' Godfrey Sullivan, senior vice president and head of product and solution for CEMEA, Visa, said, 'We're excited to team up with Yellow Card to enable faster and more accessible digital payments. We believe that every institution that moves money will need a stablecoin strategy. "As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments.' Yellow Card operates in more than 20 African countries and provides access to secure, compliant, and accessible stablecoin products for consumers, businesses, and developers. This partnership further cements Yellow Card's role as a critical financial gateway and infrastructure provider in emerging markets.
Tahya Masr
3 days ago
- Business
- Tahya Masr
Visa Expands Stablecoin Initiatives in CEMEA
Visa (NYSE: V), a global leader in digital payments, announced significant advancements in its stablecoin initiatives, with expanded settlement capabilities in the Central and Eastern Europe, Middle East, and Africa (CEMEA) region and a strategic partnership with Yellow Card, a leading pan-African fintech. These efforts further underscore Visa's vision for transforming money movement and building the next generation of payment infrastructure through innovative technology. With the payments landscape more dynamic and competitive than ever, stablecoins are emerging as one of the most promising tools for faster and more accessible digital payments. Godfrey Sullivan, Visa's Senior Vice President and Head of Product and Solution for CEMEA, said, 'In 2025, we believe that every institution that moves money will need a stablecoin strategy. As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments. Modernizing Settlement Infrastructure Visa is expanding its stablecoin settlement solution to select issuers and acquirers in CEMEA, enabling USD cross-border transactions through blockchain technology. This initiative helps reduce settlement costs, enhances liquidity management, and can support 365-day settlements, including weekends and holidays. In 2023, Visa became one of the first major payments networks to settle transactions in stablecoin when it piloted enabling clients to fulfill their settlement obligations in USDC. To date, over $225 million in stablecoin volume has been settled through Visa across participating clients. Enhancing Cross-Border Money Movement Visa is partnering with Yellow Card, a leading pan-African fintech, to explore stablecoin use cases and opportunities across markets where Yellow Card is licensed to operate to help streamline treasury operations and enhance liquidity management. The partnership is intended to test integration opportunities with Visa Direct to further investigate and expand cross-border payment options. As one of the world's largest digital payments networks, Visa Direct enables secure and seamless funds delivery across more than 190 countries and territories. Chris Maurice, Co-Founder and CEO of Yellow Card, said, "Together with Visa, we're building a bridge between traditional finance and the future of money movement. We look forward to continuing to innovate new solutions that can transform how money moves for even more secure, efficient, and transparent payment solutions."
IOL News
6 days ago
- Business
- IOL News
Yellow Card teams up with Visa to expand stablecoin use in emerging markets
(left to right) Cuy Sheffield, Vice President, Head of Crypto, Visa; Chris Maurice, CEO & Co-Founder, Yellow Card; Godfrey Sullivan, Senior Vice President, Head of Product and Solution, CEMEA, Visa Africa-focused crypto payments firm Yellow Card has partnered with global payments giant Visa to accelerate the adoption of stablecoins in cross-border transactions across emerging markets, the companies said on Thursday. Yellow Card, a licensed stablecoin payments platform operating in more than 20 African countries, said the collaboration will explore new use cases for stablecoins in treasury operations, liquidity management, and international remittances. The partnership is part of a broader push to modernis
Yahoo
6 days ago
- Business
- Yahoo
Visa, Yellow Card team up to expedite stablecoin adoption
Visa has formed a partnership with African fintech company Yellow Card to extend its stablecoin settlement system within the Central and Eastern Europe, Middle East, and Africa (CEMEA) region. The collaboration is set to explore the application of stablecoin technology to facilitate treasury operations and liquidity management for cross-border transactions. It will enable USD transactions across borders using blockchain technology, aiming to reduce settlement costs and allow for continuous settlements, including on weekends and holidays. Visa has already seen over $225m in stablecoin transactions settled through its network among participating clients. The partnership will investigate stablecoin use cases in jurisdictions where Yellow Card operates, with the intention of integrating these solutions with Visa Direct to improve cross-border payment services. Visa CEMEA Product and Solution head and senior vice president Godfrey Sullivan stated: 'We're excited to team up with Yellow Card to enable faster and more accessible digital payments. We believe that every institution that moves money will need a stablecoin strategy. As more players in the payments ecosystem explore this powerful new technology, Visa stands ready to help our partners navigate the transformation, bringing the scale, trust and innovation needed to help build the next generation of global payments.' Yellow Card co-founder and CEO Chris Maurice said: "Together with Visa, we're building a bridge between traditional finance and the future of money movement. We look forward to continuing to innovate new solutions that can transform how money moves for even more secure, efficient, and transparent payment solutions." According to Yellow Card senior legal counsel Edline Murungi, Kenya's draft Virtual Asset Service Providers Bill is the most progressive in Africa, Bloomberg reported. He was quoted by Bloomberg as saying: 'Those use cases are going to really change the industry. And if other countries follow suit, then Kenya is going to be a hub for a lot of digital-asset activities.' Last month, Visa invested in BVNK, a stablecoin payments firm based in South Africa. "Visa, Yellow Card team up to expedite stablecoin adoption " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Bloomberg
18-06-2025
- Business
- Bloomberg
Yellow Card, Visa Agree to Hasten Stablecoin Adoption in Africa
Yellow Card Financial Inc. and Visa Inc. signed a deal to promote the use of stablecoins for cross-border payments in emerging markets where the cryptocurrency exchange operates. The two will explore opportunities to streamline treasury operations, enhance liquidity management, and enable faster and more cost-effective transfers, according to Yellow Card co-founder and Chief Executive Officer Chris Maurice.
