Yellow Card, Tranzmit partner to expand stablecoin-powered cross-border payments

Licensed stablecoin infrastructure provider Yellow Card has teamed up with Tranzmit Payment Services, a subsidiary of Tranzmit Corporation, to streamline cross-border payments. Tranzmit recently incorporated Yellow Card’s Payments API, starting with the United States-to-Nigeria payment corridor. This integration allows Tranzmit's US operations to settle in Nigeria directly through stablecoin-powered infrastructure, according to the companies.

The system will facilitate seamless conversion between US dollar-pegged stablecoins and local currencies, reducing costs, delays, and uncertainty from traditional cross-border settlement channels. Yellow Card CEO and Co-Founder Chris Maurice stated that the partnership will modernize Tranzmit’s settlement operations in emerging markets.

"This integration gives Tranzmit’s operations in emerging markets a significant upgrade, replacing the friction and unpredictability of legacy settlement with something that is fast, transparent, and purpose-built for the markets their customers care about most," he said. Tranzmit CEO Daniel Asturias emphasized the company's commitment to simplifying international money transfers.

"At Tranzmit, we’re transforming the way money moves—making transfers simpler, smarter, and more seamless through innovative fintech technology," he added. The collaboration aligns with Yellow Card’s strategy to offer infrastructure to global payment companies aiming for more efficient cross-border settlement solutions across emerging markets.