Yellow Card Financial has announced
that its new payment feature Yellow Pay is officially available across Africa.
In a statement issued on
Tuesday, it noted that Yellow Pay customers can now send and receive money
through the Yellow Card crypto exchange platform, without extra charges
instantly with just a few taps on their phone.
The new product uses Yellow
Card’s crypto exchange platform to complete customer transactions in USDT. It
is important to note that Yellow Pay is not a money remittance or foreign
currency exchange service. Rather, Yellow Pay is an advanced crypto exchange
product.
"This is more
than just a money transfer service - it's a powerful tool that will unlock new
opportunities for people across Africa,” said Chris Maurice, CEO and co-founder
of Yellow Card. “By enabling instant, low-cost transactions across borders, we
are helping to create a more connected and dynamic Africa”.
Yellow Pay uses
Yellow Card’s crypto exchange platform to complete customer transactions in
USDT. Yellow Pay is not a money remittance or foreign currency exchange service.
Since the product’s
launch in Nigeria earlier this year, one of the major upgrades is that
customers can now transfer money to anyone in all Yellow Card countries with
just their phone number, and the recipient will be able to receive and withdraw
the funds once they sign up. Previously only existing customers could send and
receive with Yellow Pay. The other upgrade is that transfers within the same
country are free.
There are several
benefits to using Yellow Pay. Firstly, the service is powered by blockchain
technology making it cheaper. Secondly, transactions are instant so there’s no
waiting period. And lastly, the uses are endless as one can: send money for
business, school and healthcare. Gift cash to friends and family across Africa,
pay vendors in other countries, receive payment for services, pay bills and
fees in other African currencies and so much more.
"Yellow Pay is
just the latest in a series of innovative features that make Yellow Card a
must-have for anyone looking to take control of their finances with
ease. This new product feature not only makes it easier for family
members to support each other across Africa with ease, but it also opens up the
continent to more investment, access to credit, business grants and generally
will improve the ease of doing business,” added Chris.
Make use of Yellow
Pay today for an instant, seamless and secure way to send and receive money
across borders instantly, for free.
By: Kanto Okanta
