Yellow Card has expanded its operations into Brazil after completing the acquisition of GoMoney Sociedade Prestadora de Serviços de Ativos Virtuais Ltda., a move expected to strengthen its presence in Latin America and expand its stablecoin payment services.
The global stablecoin payments infrastructure provider announced that the acquisition was completed in October 2026, establishing its direct operations in Brazil as it seeks to build a wider financial infrastructure network across international markets.
The deal gives Yellow Card access to an established local virtual asset service provider, allowing the company to offer businesses payment and settlement services using Brazil’s local financial systems.
Through the acquisition, Yellow Card clients will gain access to local collections and disbursements in Brazilian reais, the country’s official currency, including payments through Pix, Brazil’s instant payment system.
The services will also support settlement in stablecoins, digital assets designed to maintain a stable value, typically by being linked to traditional currencies such as the US dollar.
The integration will connect GoMoney’s local payment infrastructure with Yellow Card’s existing treasury and liquidity services, which the company already provides in other markets.
For businesses involved in international trade, cross-border payments and money transfers, the arrangement could provide an additional way to move funds between markets without relying entirely on traditional banking channels.
Yellow Card’s regulatory position in Brazil
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.
However, the application is still awaiting review and approval by the Brazilian central bank.
In the meantime, GoMoney continues operating under Brazil’s transitional regulatory framework for virtual asset service providers.
The distinction is important because the acquisition does not automatically grant the business full regulatory authorisation. Instead, Yellow Card is entering the market through an existing local provider whose application for approval remains subject to the regulator’s assessment.
Yellow Card Co-Founder and Chief Executive Officer Chris Maurice said operating in different countries requires companies to understand local regulations, payment systems and business relationships.
“Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively,” Maurice said.
He noted that GoMoney had established a strong foundation in Brazil over the past eight years, adding that combining the two businesses would help improve services for customers and support Yellow Card’s long-term expansion plans.
GoMoney was founded in 2018 and will continue operating as a wholly owned subsidiary of Yellow Card under the leadership of its founders.
Its Chief Executive Officer and co-founder, Maurício Pires, said the company had spent eight years building a virtual asset service provider business focused on using stablecoins to facilitate cross-border payments.
“We are excited to become part of the Yellow Card team, and look forward to expanding our business in Brazil and throughout Latin America,” Pires said.
Why Brazil is important to Yellow Card
Yellow Card’s entry into Brazil comes as the country records increased cryptocurrency activity, making it an attractive market for companies providing stablecoin-based financial services.
According to data from blockchain analytics firm Chainalysis, Brazil recorded US$252.5 billion (approximately Ksh32.7 trillion, depending on the prevailing exchange rate) in cryptocurrency activity between July 2025 and June 2026.
This made it Latin America’s largest cryptocurrency market during the period.
Chainalysis also reported that stablecoin activity in Brazil increased by 495% across its 2024–2026 comparison period.
The growth has partly been driven by increased business adoption, particularly in cross-border transfers and liquidity management.
Stablecoins have become an important part of the digital payments industry because they combine blockchain-based transfers with the relative price stability of traditional currencies.
Unlike cryptocurrencies such as Bitcoin, which experience significant price fluctuations, stablecoins are designed to maintain a consistent value against an underlying asset.
For businesses, this can make them useful when transferring money internationally, managing foreign currency exposure and settling transactions between different markets.
Brazil’s large cryptocurrency market therefore offers Yellow Card an opportunity to expand beyond its established African operations while tapping into demand for alternative payment infrastructure.
Yellow Card’s growing international footprint
The acquisition follows a period of expansion for Yellow Card, which raised US$40 million in financing in August 2026.
The funding round included investments from Standard Chartered Bank and Sony, adding to the company’s financial backing as it expands its stablecoin payment infrastructure.
Yellow Card has also secured regulatory approvals and registrations in several markets, including Canada, Switzerland, Nigeria, Ghana and Zimbabwe.
Its entry into Brazil adds another market to its international network, with the company looking to strengthen its ability to support businesses operating across different jurisdictions.
The expansion also reflects a wider shift in the financial technology industry, where payment providers are investing in infrastructure that connects local currencies, banking systems and blockchain-based settlement networks.
However, operating across multiple countries presents regulatory and operational challenges. Different markets have their own licensing requirements, payment systems and rules governing digital assets.
Yellow Card’s decision to acquire an established Brazilian provider rather than build its operations entirely from scratch gives it access to local expertise and an existing business structure.
Going forward, the company says it will concentrate on deepening its presence in strategic markets, expanding its products and strengthening partnerships to support businesses involved in international transactions.
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