Yellow Card Partners with Swiss Fintech Centi to Revolutionize African Remittances
The remittance landscape in Africa is undergoing a transformation as Yellow Card, a leading pan-African cryptocurrency exchange, partners with Swiss fintech Centi to offer cheaper and more efficient cross-border payments. This strategic collaboration enables migrants in Europe to send money to their families in 20 African countries at significantly reduced costs, challenging the inefficiencies of traditional remittance providers.
Read also: How Yellow Card is Redefining Cross-Border Payments in Africa
Breaking Down the Partnership
Centi’s integration with Yellow Card’s crypto-fiat onramp and offramp infrastructure simplifies the remittance process. Swiss users can now convert their funds into cryptocurrency, store them in Centi-issued non-custodial wallets, and seamlessly transfer the money to recipients in Africa. The funds are received in the recipients’ local currency through Yellow Card’s vast network of banking and mobile money partners across the continent.
Bernhard Müller, CEO of Centi, emphasized the significance of this partnership in addressing the hidden fees and unfavorable exchange rates that migrants often face:
“For too long, migrants have been forced to accept terrible exchange rates and hidden costs that take from their families. We are not just another remittance provider; we are here to disrupt a highly inefficient system, thus empowering senders to save.”
With Yellow Card’s extensive infrastructure and Centi’s payment technology, the partnership delivers a remittance solution that is up to 85% cheaper than traditional methods.
Key Benefits of the Partnership
- Drastically Lower Fees: Sending CHF 100 now costs just CHF 2, compared to CHF 15 through conventional remittance providers.
- Wider Coverage: Expansion from 8 to 20 African countries, including Nigeria, Ghana, Kenya, and South Africa.
- Extensive Mobile Money Reach: Over 350 million mobile money users can receive funds via MTN, Airtel, and M-Pesa.
- Bank Transfers Enabled: Direct transfers available to 100+ African banks, ensuring seamless accessibility.
Chris Maurice, CEO and Co-founder of Yellow Card, highlights how this collaboration will revolutionize remittances between Switzerland and Africa:
“This partnership transforms remittances from Switzerland to Africa by eliminating hidden costs and high exchange rates. By integrating with Centi, we are expanding our footprint, enabling stablecoin-based transfers to Africa that are instant, transparent, and secure for millions of recipients across the continent.”
Yellow Card’s Growing Influence in African Crypto and Fintech
Yellow Card has solidified its presence across Africa with operations in 20 countries and over $3 billion in transactions facilitated as of early 2025. Its continued expansion into the crypto-powered remittance sector aligns with the company’s mission to bridge the financial gap for millions of Africans.
Countries where Yellow Card operates include:
- Nigeria
- Kenya
- South Africa
- Ghana
- Tanzania
- Uganda
- Zambia
- Rwanda
- Cameroon
- Botswana
- And more…
Beyond remittances, Yellow Card is actively driving blockchain adoption in Africa. In December 2024, the company announced a partnership with LightSpark during the Africa Bitcoin Conference to enable instant, low-cost Bitcoin transfers.
Following its $33 million equity financing round in October 2024, Yellow Card has witnessed rapid growth, with transaction volumes surging from $1.7 billion in early 2024 to over $3 billion. According to Maurice, the increasing adoption of stablecoins and growing demand for crypto-powered business solutions have significantly contributed to this expansion.
A New Era for African Remittances
With remittances serving as a financial lifeline for millions of African families, the Yellow Card-Centi partnership represents a major step toward a cheaper, faster, and more inclusive remittance ecosystem. By leveraging blockchain technology, this collaboration has the potential to set a new standard for global remittance solutions, empowering both migrants and their families back home.
