Yellow Card Buys GoMoney to Enter Brazil’s Crypto Market

Atlanta, Georgia — Stablecoin payments infrastructure provider Yellow Card has bought GoMoney, a virtual asset service provider based in São Paulo, in a deal that gives the company its own operations in Brazil, Latin America's largest cryptocurrency market.

GoMoney does not yet hold full authorization. Its request for a virtual asset service provider (sociedade prestadora de serviços de ativos virtuais) license sits with the Banco Central do Brasil (BCB), filed under Law No. 14,478/2022 and BCB Resolution No. 519/2025. While the central bank reviews that application, the company keeps working under Brazil's transitional regime for such providers.

The framework behind the application is new. The BCB published Resolutions 519, 520 and 521 in November 2025, and all three took effect on February 2, 2026. Resolution 519 sets out how providers are authorized, while Resolution 520 applies to them the governance, security, internal control, safeguards against illicit finance and client protection to these providers.

Resolution 521 classes several virtual asset activities, including international payments or transfers made with virtual assets, as foreign exchange operations. That touches GoMoney's core business, which lets international companies take payments from customers in Brazil, including through the Pix instant payment system, and settle the proceeds in digital assets.

Yellow Card said the purchase gives its clients local collections and payouts in Brazilian reais, Pix included, with settlement in stablecoins. Those services will run through a provider established in the country and plug into the treasury and liquidity services the company already offers in its other markets.

The company presented the deal as part of a wider plan to extend its global financial infrastructure network, adding that it strengthens its position in Latin America.

Chris Maurice, Co-Founder and CEO of Yellow Card, said: “Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise and relationships to operate effectively. GoMoney has built a strong foundation in Brazil over the last eight years, and bringing our businesses together will allow us to deliver greater value to customers while accelerating our long-term ambitions.”

GoMoney was set up in 2018. It now becomes a wholly owned subsidiary of Yellow Card, and its founders will stay on to run it.

Maurício Pires, a founder of GoMoney and its chief executive, stated: “We have spent the last eight years building a virtual asset service provider business in Brazil focused on using Stablecoins as a means of effecting cross-border payments, similar to what Yellow Card has been doing in Africa and globally over the same period. We are excited to become part of the Yellow Card team, and look forward to expanding our business in Brazil and throughout Latin America.”

Market size is the main draw Yellow Card cites. In a September report, blockchain analytics firm Chainalysis put Brazil's cryptocurrency activity at $252.5 billion between July 2025 and June 2026, well ahead of Argentina at $88.5 billion and Mexico at $77.6 billion. Stablecoin activity in Brazil rose 495% across the report's 2024 to 2026 comparison, growth tied in part to business uses such as cross-border transfers and liquidity management.

The picture is not one of uninterrupted growth. Chainalysis found that Brazil's overall crypto economy contracted 1.6% in the latest period, even as the country's share of Latin American crypto value climbed to 43.7%, up from 31.6% in 2022. The firm also said the BCB's new minimum capital requirements could prove hard for smaller companies to meet, setting the stage for further consolidation.

Against that backdrop, buying a local operator whose application is already before the central bank could give Yellow Card a faster way into Brazil than building a licensed entity from scratch. The outcome still depends on the BCB, and the company has not given a timeline for a decision.

Yellow Card said it has recently secured regulatory approvals and registrations in Canada, Switzerland, Nigeria, Ghana and Zimbabwe. The company, which supports more than 50 currencies, struck a stablecoin alliance with Visa in June 2025, and in May 2026 it agreed a partnership with Mastercard that starts with the United Arab Emirates, Ghana, Kenya, Nigeria and South Africa among its first markets.

Yellow Card said its next priorities are a deeper footprint in strategic markets, a wider product range and stronger partnerships for businesses that operate across borders. In Brazil, the BCB must still review and approve GoMoney's application before the unit can operate with full authorization.