Alchemy Pay and Yellow Card bring easier crypto access to millions across Africa
The initiative is expected to provide new financial opportunities and promote decentralised finance (DeFi) and stablecoins across Africa.
Alchemy Pay has formed a new partnership with Yellow Card, a fintech company that operates in 20 African countries. The collaboration aims to simplify the process for African users to buy cryptocurrency using familiar local payment methods like bank transfers and mobile money, making crypto more accessible to people in countries such as South Africa, Uganda, and Rwanda.
Yellow Card’s existing payment infrastructure, which processes over $3 billion in transactions, will now support Alchemy Pay’s service, enabling users to easily convert local currencies into cryptocurrency. This move is expected to open up new financial opportunities for millions of people across Africa, promoting participation in decentralised finance (DeFi) and stablecoins.
Additionally, Alchemy Pay has integrated Samsung Pay into its Virtual Card service, alongside Google Pay, providing users with more options for making crypto payments. The company continues to expand its services, including partnerships with Scroll, to improve access to digital assets like Tether and USDC for global users.
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