Yellow Card, a global stablecoin payments infrastructure provider, has expanded its Latin American footprint through the acquisition of Brazilian virtual asset service provider GoMoney, completed in October 2026.
Source: Supplied. Chris Maurice, co-founder and chief executive officer of Yellow Card and Maurício Pires, a founder of GoMoney and its chief executive.
The move establishes Yellow Card’s direct operations in Brazil, giving its clients access to local collections and disbursements in Brazilian reais through payment platform Pix, alongside stablecoin settlement services. GoMoney has applied to the Banco Central do Brasil for full authorisation as a virtual asset service provider and continues to operate under the country's transitional regulatory regime while its application awaits approval.
Expanding Brazilian operations
The acquisition establishes Yellow Card’s direct operations in Brazil, strengthening the company’s presence in Latin America as part of its broader strategy to expand its global financial infrastructure network.
The acquisition gives Yellow Card clients access to local collections and disbursements in Brazilian reais through Pix, Brazil's instant electronic payment system, as well as stablecoin settlement services. These services will be delivered through a locally established provider and integrated with Yellow Card's existing treasury and liquidity services in other markets.
“Building global financial infrastructure requires compliance with local frameworks, -payment rails, -expertise and relationships to operate effectively,” said Chris Maurice, co-founder and chief executive officer of Yellow Card. “GoMoney has built a strong foundation in Brazil over the last eight years, and bringing our businesses together will allow us to deliver greater value to customers while accelerating our long-term ambitions.”
Brazil represents a significant opportunity for stablecoin-powered financial services. According to Chainalysis, Brazil recorded $252.5bn in cryptocurrency activity between July 2025 and June 2026, making it Latin America’s largest cryptocurrency market. The report also found that stablecoin activity in Brazil increased 495% across its 2024–2026 comparison period, driven, in part, by growing business use cases, including cross-border transfers and liquidity management.
GoMoney, which was founded in 2018, will continue to be led by its founders, as a wholly owned subsidiary of Yellow Card.
Accelerating global expansion
Maurício Pires, a founder of GoMoney and its chief executive, said, “We have spent the last eight years building a virtual asset service-provider business in Brazil focused on using stablecoins as a means of affecting cross-border payments, similar to what Yellow Card has been doing in Africa and globally over the same period. We are excited to become part of the Yellow Card team, and look forward to expanding our business in Brazil and throughout Latin America.”
The acquisition occurs at a time of significant growth for Yellow Card, following its August 2026 $40m financing, which included investments from Standard Chartered Bank and Sony, and recent regulatory approvals and registrations in Canada, Switzerland, Nigeria, Ghana, and Zimbabwe.
Looking ahead, Yellow Card will focus on deepening its presence in strategic markets, expanding its product capabilities, and strengthening the partnerships required to support businesses operating globally.
