Alchemy Pay, the world-leading fiat-crypto payment gateway, has officially announced a partnership with Yellow Card, a pan-African fintech company operating in 20 countries with over USD 3 billion worth of transactions. This collaboration aims to enhance Alchemy Pay’s on-ramp product by leveraging Yellow Card’s vast payment infrastructure, including bank transfers and mobile money options, to serve the growing demand across several African countries.
With this partnership, Alchemy Pay enables smoother transactions by utilizing widely adopted payment methods across Africa, reducing friction for users while offering more favorable fees and improved success rates. By leveraging Yellow Card’s payment API, Alchemy Pay is simplifying access to crypto assets and decentralized finance, making it easier for millions of people across Africa to engage with crypto in a secure and familiar way, ultimately contributing to the broader adoption of blockchain technologies on a global scale.
The partnership will make it easier for users in countries such as Botswana, Cameroon, Rwanda, South Africa, Uganda, and Zambia to purchase crypto and access the benefits of decentralized finance through local currencies like BWP, XAF, RWF, ZAR, UGX, and ZMW.
Robert McCracken, Ecosystem Lead at Alchemy Pay, stated: “Yellow Card has established itself at the cutting edge of digital payments across Africa. With their support for local payment rails there, Alchemy Pay is able to quickly extend its on-ramp coverage to serve millions of new users in these regions.”
“We are excited about this partnership with Alchemy Pay as it reinforces our commitment to accelerating financial growth across the continent. By leveraging our extensive payment infrastructure, we are opening more doors for seamless access to stablecoins and decentralized finance in Africa, driving innovation and creating new opportunities for millions,” said Gillian Darko, Yellow Card’s Chief of Staff and Director of Strategy.
Founded in 2017, Alchemy Pay has been at the forefront of the crypto payment industry, merging blockchain technology with conventional financial knowledge to provide swift, secure, and economical cross-border transactions. It has partnered with prominent payment processors, regional e-wallets, and local bank transfer services, forming a payment network that covers 173 countries and includes over 300 fiat payment options. Dedicated to driving widespread crypto adoption, Alchemy Pay adheres to regulatory requirements and has obtained various licenses in nations such as the UK, United States, Canada, Indonesia, and Lithuania.
About Yellow Card
Yellow Card is a pan-African Fintech company operating across 20 countries. As the largest and first licensed Stablecoin on/off ramp on the African continent, the company provides businesses of all sizes with secure and cost-effective methods to buy and sell USDT, USDC, and PYUSD via their local currency directly and through our Payments API.
Founded in 2016 by Chris Maurice (CEO) and Justin Poiroux (CTO), Yellow Card launched in Nigeria in 2019, and since then it has quickly grown to be one of the fastest-growing fintechs in Africa, with a presence in 20 countries and over USD 3 billion worth of transactions.
In 2023, Yellow Card was awarded the prestigious “Disrupter of the Year” award at the Africa Financial Industry Summit (AFIS).
About Alchemy Pay
Founded in Singapore in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off Ramp, Crypto Card, Web3 Digital Bank, Crypto Payments and NFT Checkout, Alchemy Pay supports payments in 173 countries.
The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The Crypto Card solution empowers businesses and token issuers to provide users with branded virtual and physical cards for instant global spending. Additionally, our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. The crypto payment solution enables merchants to accept crypto payments globally, while allowing users to conveniently spend their crypto assets for everyday purchases. ACH is the Alchemy Pay network token on the Ethereum blockchain.
