Yellow Card completes acquisition of Gomeni and directly launches Brazil payment business

Yellow Card has completed its acquisition of Brazilian crypto services firm GoMoney, giving the Africa-focused exchange direct entry into Brazil's payments market; the purchase price was not disclosed. The deal lets Yellow Card offer Brazilian real collection and disbursement over Pix, the country's instant payment network, with stablecoins used in the settlement leg. GoMoney, founded in 2018 and headquartered in São Paulo, provides the local base for the rollout. The move matters because it puts Yellow Card's stablecoin rails directly into one of Latin America's largest payment markets rather than relying on partners. Watch for transaction volumes through the Pix and stablecoin corridor and any expansion of the service beyond Brazil.