Yellow Card Financial has made its new payment feature Yellow Pay available across Africa, allowing customers to send and receive money through the Yellow Card crypto exchange platform.
The company said there will be no extra charges while customers can complete transactions in USDT with just a few taps on their phone
Speaking on the announcement, Chris Maurice CEO and co-founder of Yellow Card said: “This is more than just a money transfer service – it’s a powerful tool that will unlock new opportunities for people across Africa. By enabling instant, low-cost transactions across borders, we are helping to create a more connected and dynamic Africa.”
The product was launched initially in Nigeria, last year, before being upgraded so customers could transfer money to anyone in Yellow Card countries using just their phone number. The recipient can receive and withdraw the funds once they sign up while transfers within the same country are free.
The service, which is powered by blockchain technology, has a range of uses such as sending money for business, school and healthcare, paying vendors in other countries, receiving payment for services, and paying bills and fees in other African currencies.
“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,” Maurice added.
