Yellow Card, a stablecoin payments infrastructure company, has acquired Brazilian virtual asset service provider GoMoney. This acquisition establishes Yellow Card's direct operations in Latin America, expanding its global cross-border payments and treasury infrastructure business. The deal, completed in October 2026, makes GoMoney a wholly owned subsidiary of Yellow Card.
The acquisition gives Yellow Card access to Brazil's local payments infrastructure, including Pix, the country's instant payment system. This integration enables Yellow Card clients to collect and disburse payments in Brazilian reais and settle transactions in stablecoins. GoMoney, founded in 2018 and headquartered in São Paulo, provides payment services to international businesses seeking to collect payments from Brazilian customers and settle transactions in digital assets.
GoMoney has applied to the Banco Central do Brasil (BCB) for authorization to operate as a virtual asset service provider under Law No. 14,478/2022 and BCB Resolution No. 519/2025. Although its application remains subject to regulatory review and approval, it continues operating under Brazil's transitional framework for virtual asset service providers. The company's founders and existing leadership, including its chief executive Maurício Pires, will retain their positions following the acquisition.
According to Chris Maurice, co-founder and CEO of Yellow Card, the acquisition strengthens the company's ability to provide businesses with locally integrated payment infrastructure. It also connects Brazilian operations to its existing treasury and liquidity network across other markets. Maurice emphasizes that building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively.
Brazil is becoming increasingly important for stablecoin-based financial services. Chainalysis reported that the country recorded $252.5 billion in cryptocurrency activity between July 2025 and June 2026, making it Latin America's largest cryptocurrency market. Stablecoin activity in Brazil increased 495% across the report's 2024–2026 comparison period, reflecting growing adoption for cross-border payments and business liquidity management.
The acquisition follows a $40 million financing round announced by Yellow Card in August 2026, which included investments from Standard Chartered Bank and Sony. Yellow Card has also secured regulatory approvals and registrations in Canada, Switzerland, Nigeria, Ghana, and Zimbabwe. The company plans to deepen its presence in strategic markets, expand its product capabilities, and develop partnerships supporting businesses moving money internationally.
The Brazilian acquisition extends Yellow Card's geographical reach beyond its established African markets as it pursues opportunities in other emerging economies. Yellow Card supports more than 50 currencies and provides financial institutions, fintech companies, and multinational businesses with infrastructure to access US dollars, manage treasury operations, and move money across borders.
Key points
- Yellow Card acquires GoMoney to expand into Latin America.
- The acquisition provides access to Brazil's local payments infrastructure.
- Brazil's stablecoin activity increased 495% between 2024 and 2026.
