Yellow Card Expands Stablecoin Infrastructure to Canada via Alkepay Launch

Quick Summary

Yellow Card has officially expanded into Canada, launching its stablecoin infrastructure through its new subsidiary, Alkepay Inc. This move enables regulated foreign exchange and cross-border funds transfer services for North American clients, backed by registrations with FINTRAC and the Bank of Canada to ensure secure, institutional-grade financial operations.

How Does Yellow Card Support Cross-Border Payments in Canada?

**Regulated financial services** are at the heart of Yellow Card's Canadian entry. By launching Alkepay Inc., the company has secured essential status as a **Money Services Business** with FINTRAC and a payment service provider with the Bank of Canada. This legal framework allows the firm to offer **seamless funds transfers** and foreign exchange dealing to a new demographic of North American clients.

• FINTRAC registration ensures compliance with national anti-money laundering standards.

• Bank of Canada oversight provides a secure foundation for retail payment activities.

• Foreign exchange dealing is now available to institutional and corporate clients.

By leveraging its proven **stablecoin infrastructure**, Yellow Card bridges the gap between traditional banking and digital assets, providing the same reliability and speed that has defined its operations in emerging markets.

What Results Has Yellow Card's Global Infrastructure Delivered?

**Proven operational depth** distinguishes Yellow Card from competitors merely claiming global ambitions. The company has already processed over **$10 billion in volume**, demonstrating the robustness of its underlying technology. With a network spanning **190+ countries**, the firm provides critical liquidity and settlement rails in regions where traditional banking often struggles.

• 65+ banking partners facilitate reliable on-and-off ramps globally.

• 50+ currencies supported across the platform's infrastructure.

• $33 trillion volume in the global stablecoin market highlights the massive growth potential.

"Every new market is months of work before it ever becomes a headline, connecting banking partners, testing settlement, and getting the local details right. Canada is no different, and now that it's live, our clients get the same reliability and speed we bring to cross-border payments in our other markets." said Lasbery Chioma Oludimu, Vice President of Global Operations at Yellow Card.

Why is Yellow Card Shifting to a Global Strategy?

**Strategic global expansion** is the new priority for the firm, moving beyond its well-known pan-African roots. The Canadian launch follows significant milestones, including the affiliation of its **Swiss VASP subsidiary** with SO-FIT and strategic hires across Southeast Asia and Latin America. This multi-regional approach positions the company as a **dominant liquidity provider** for the projected $2 trillion stablecoin market cap by 2028.

"For many years, Yellow Card has solidified its reputation as a trusted Stablecoin company, partnering with the likes of Visa, Mastercard, Western Union, Thunes, and MoneyGram to move money for institutions and businesses around the world," said Chris Maurice, CEO and Co-Founder of Yellow Card. "That trust is what we're built on, and it's what we're bringing with us as we expand our world-class infrastructure further into North America."

FF NEWS TAKE:

Yellow Card’s **stablecoin infrastructure** is no longer just an African success story; it is a legitimate global contender. By entering the highly regulated Canadian market, they are proving that their rails can withstand the scrutiny of G7 regulators. This move significantly moves the needle by providing a regulated bridge for North American capital to flow into emerging markets using stablecoin liquidity, effectively challenging traditional correspondent banking.