On March 7, 2025, Swiss fintech company Centi announced a strategic partnership with Yellow Card, Africa’s largest licensed stablecoin on/off-ramp, to revolutionise remittances from Europe to Africa.
Millions of recipients throughout the continent will benefit from faster, less expensive, and more secure transactions, thanks to our partnership.
Read also: Hurupay launched stablecoin-based USD accounts for African freelancers, remote workers
Centi expands African money transfer network to 20 countries
The partnership allows Centi’s users in Switzerland to send money to 20 African countries, expanding its presence from eight countries previously.
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This collaboration enables users to convert their funds into cryptocurrencies and store them in non-custodial wallets before transferring money to recipients in local currencies. The integration with Yellow Card’s crypto-fiat gateway facilitates seamless cross-border transactions.
“For too long, migrants have been forced to accept terrible exchange rates and hidden costs that take from their families,” said Bernhard Müller, CEO of Centi. “We are not just another remittance provider; we are here to disrupt a highly inefficient system, thus empowering senders to save”.
Centi-Yellow Card: huge savings on transfers
The Centi-Yellow Card partnership offers transfers up to 85 per cent cheaper than traditional providers. For instance, sending CHF 100 now costs as little as CHF 2, compared to CHF 15 charged by other providers. This partnership covers over 350 million mobile money users across Africa via platforms like MTN, Airtel, and M-Pesa and supports direct transfers to over 100 African banks.
“This partnership transforms remittances from Switzerland to Africa by eliminating hidden costs and high exchange rates,” said Chris Maurice, CEO of Yellow Card. “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”.
Read also: Busha launches cNGN: Nigeria’s private-sector stablecoin for fast cross-border transactions
Centi | Yellow Card
Centi is a Swiss-based micropayment platform that leverages blockchain technology to facilitate fast and cost-effective digital transactions. It focuses on enabling seamless crypto-to-fiat payments, making it easy for businesses and consumers to use cryptocurrency for everyday purchases without worrying about volatility. Centi also integrates with point-of-sale (POS) systems, allowing merchants to accept crypto payments while receiving fiat currency.
Yellow Card is a cryptocurrency exchange and payment platform operating primarily in Africa. Founded in 2016, it provides a simple way for users to buy, sell, and store cryptocurrencies like Bitcoin, Ethereum, and USDT using local currencies. Yellow Card focuses on financial inclusion, making crypto accessible through mobile money, bank transfers, and cash deposits. The company has expanded across multiple African countries, helping users send and receive remittances affordably through crypto.