Yellow Card Expands Into North America with Canadian Subsidiary Alkepay

Key Takeaways:

• Pan-African fintech Yellow Card has officially expanded into North America through its new Canadian subsidiary, Alkepay Inc.
• Alkepay Inc. is registered as a Money Services Business (MSB) with FINTRAC and as a payment service provider with the Bank of Canada.
• The expansion enables Yellow Card to offer foreign exchange dealing and cross-border payment rails to Canadian corporate and institutional clients.
• The move marks a key phase in Yellow Card’s strategic transition from an African consumer app to a global B2B stablecoin payment infrastructure provider.

Yellow Card, the pan-African stablecoin infrastructure company, has announced an expansion into the North American market through a new Canadian subsidiary, Alkepay Inc. Alkepay Inc. is registered as a Money Services Business (MSB) with Canada’s FINTRAC.

It is also registered as a Payment Service Provider (PSP) with the Bank of Canada. These approvals mean Yellow Card, via Alkepay, can deliver foreign exchange (FX) dealing and cross-border transfers to clients in Canada.

Yellow Card says the move is part of a “bigger shift,” from solely pan-African operations and identity to “operating globally.” 

Institutional Rails and Regulatory Compliance

Through Alkepay, Yellow Card can facilitate cross-border settlement corridors that connect Canadian businesses to emerging-market liquidity. 

CEO of Yellow Card, Chris Maurice, said, “For many years, Yellow Card has built a reputation as a trusted stablecoin company, partnering with the likes of Visa, Mastercard, Western Union, Thunes, and MoneyGram to move money for institutions and businesses around the world.”

“That trust,” he added, “is what we’re building on, and it’s what we’re bringing with us as we expand our infrastructure further into North America.” 

Scaling Beyond Africa

This launch is part of Yellow Card’s broader global expansion strategy. In June 2026, the company also secured Swiss AML regulatory approval to offer corporate stablecoin services across European markets.

In late 2025, the company moved away from its retail services to focus on the B2B arm of its business, for reasons we detailed in our previous coverage. That move was closely followed by global partnerships, including a partnership with Mastercard announced in May 2026. The company also secured $40 million in funding from Standard Chartered’s SC Ventures and the Sonny Innovation fund in a Series C round. The company said it will use the funds to build its global settlement rails. 

The company, which prides itself on its compliance and governance standards, also saw its effort recognised when it secured seven GRC award nominations. 

By establishing registered operating entities in North America, Europe and Africa, Yellow Card is not just expanding its regulatory footprint but also building a global financial network designed to connect global businesses to emerging-market payment systems.