Today's Bulletin: February 8, 2025

More results...

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Africacom
AfricaCom 2024
AI
Apps
Apps
Banking
Broadcast
CABSAT
Cabsat
Cloud
Column
Content
Corona
DTT
eCommerce
Editorial
Education
Entertainment
Events
Fintech
Fixed
Gitex
Gitex Africa
GSMA Cape Town
Healthcare
IBC
Industry Voices
Infrastructure
IoT
MNVO Nation Africa
Mobile
Mobile Payments
Music
MWC Barcelona
MWC Barcelona 2025
MWC Kigali
News
Online
Opinion Piece
Q&A
Satellite
Security
Software
Startups
Streaming
Technology
TechTalks
TechTalkThursday
Telecoms
Utilities
Video Interview
Follow us

Data Mynt Partners with Yellow Card to Help Merchants with Seamless Payments

October 19, 2022
4 min read
Author: Akim Benamara

Data Mynt’s strategic partnership with Yellow Card Financial allows merchants and platforms across Africa to accept and send payments in digital assets in person and online, settle immediately, and now withdraw funds directly to their mobile money or bank accounts in local currency through Yellow Card Financial.

Data Mynt, the leading digital asset checkout and payment infrastructure provider for merchants and platforms, has announced a strategic partnership with Yellow Card Financial to expand their services to the African continent initially in Ghana, Kenya, Nigeria, and South Africa. Yellow Card’s technology allows Data Mynt merchant and platform customers across Africa to settle payments with their mobile money and bank accounts, enabling funds to flow from a shopper’s digital asset wallet into the merchant’s Data Mynt wallet and on to the merchant’s preferred mobile money or bank account seamlessly. Yellow Card enables local payouts in 16 countries, including Kenya, Ghana, Nigeria, Cameroon, South Africa, and more.

Data Mynt’s digital asset checkout and payments infrastructure allows merchants and other businesses across Africa to use a lower-cost, efficient and safer way to transact with 300 million crypto owners, pay suppliers or team anywhere in the world, and settle funds from the digital asset ecosystem directly into their mobile money and bank accounts. With Africa having over 40 different unique currencies, the conversion between different versions of cash can be complicated and expensive. Data Mynt allows shoppers to pay in one of many digital assets across 8 blockchains, which is automatically converted into a stablecoin without price volatility. In this way, merchants and platforms in Africa who use Data Mynt’s technology side-step some of the biggest hurdles to businesses including declines, volatility, and settlement time.

Yellow Card has been rapidly growing in popularity over the past few years, expanding their services to all corners of Africa while driving and capturing a growing market share of African cryptocurrency users. It has long been said that Africa is a cryptocurrency continent, and Yellow Card’s blossoming user base and community is proof of the excitement surrounding digital assets in this part of the world. In Africa, cryptocurrency is often used like actual currency, and Yellow Card has made the on and off-ramp into the world of crypto easier than ever for Africans. Now, Data Mynt is making the connection between decentralized finance and traditional commerce more seamless than ever.

Data Mynt has been progressively expanding their services to new merchants and territories this year, with platforms and merchants gaining access to Data Mynt’s solutions in 10 countries across 5 continents. Data Mynt has also added more blockchains and digital assets to the roster of supported currencies, allowing their users to pay with popular blockchains and wallet ecosystems such as Binance Chain, Tron, Etherum Mainnet, Polygon, Solana, and Bitcoin Lightning Network coins such as BTC, ETH, USDC, Tether, MATIC, SOL, DOGE, and BNB, to name a few.

We have been planning a launch in sub-Saharan Africa and partnering with Yellow Card makes sense given the incredible job they’re doing driving rapid adoption of crypto across the continent. Cryptocurrency was always meant to be used like actual money, and nowhere has this been more successful than in Africa. By partnering with Yellow Card, we can rapidly expand our services to Africans and make it leaps and bounds easier to use digital assets when buying and selling goods and services. Data Mynt and Yellow Card are making cryptocurrency easier and better in Africa.

Alex Christian, Co-Founder, Data Mynt

Our vision at Yellow Card is to power the entire crypto industry across the African continent. We want to work with anyone that has a desire to spread access to this technology to anyone. We’re excited to partner with Data Mynt to further the reach of this tech.

Chris Maurice, CEO and Co-founder, Yellow Card
Follow us on LinkedIn

Newsletter signup

Sign up for our weekly newsletter and get the latest industry insights right in your inbox!

Please wait...

Thank you for sign up!