[Exchanges](https://revain.org/exchanges/) › Yellow Card

# Yellow Card: licences, security, fees and reviews

Crypto trading infrastructure (B2B)

## In short

- **Legal entity**: Yellow Card Inc. (site footer); US operating company Yellow Card Financial Inc., a Delaware corporation.
- **Risks and caveats**: The retail app is closed; individuals can only request refunds by email with ID verification.
- **Checked**: 1 November 2026

## Key facts

- **Type**: Crypto trading infrastructure (B2B)
- **Operator**: Yellow Card Inc.
- **Official site**: [yellowcard.io](https://yellowcard.io/)

Key facts checked on 1 November 2026 against official sources.

## What is Yellow Card

Yellow Card is a stablecoin payments infrastructure company for emerging markets. It lets banks, financial institutions and other businesses access, store, send and manage stablecoins and make payments across USD and 50+ local currencies.

## Good to know

- Yellow Card calls itself the largest and first licensed stablecoin on/off ramp in Africa (company claim). [↗](https://yellowcard.io/about-us)
- Yellow Card says it is not going out of business: it is moving its model to the B2B market. [↗](https://help.yellowcard.io/articles/7181258608-yellow-card-retail-app-closure-important-information)
- Individual customers who still hold funds must email Yellow Card with ID photos, a selfie with a signed handwritten refund note and a bank or wallet address; refunds take 3-5 business days. [↗](https://help.yellowcard.io/articles/7181258608-yellow-card-retail-app-closure-important-information)

## Services

| Parameter | Details |
|---|---|
| Business accounts | Stablecoin and fiat infrastructure for banks, financial institutions and corporates; payments across USD and 50+ local currencies. |
| Products | Treasury Portal, API, trading on-ramp and trading off-ramp (product filter on the home page). |
| Supported stablecoins | Send and receive USDT (TRC20, Celo, Solana, Polygon), USDC (Ethereum, Stellar, Solana, Base; Celo for receiving) and PYUSD (ERC20) via the API and payments dashboard. |
| Retail app | Closed: services for individual retail customers are no longer available. |

## Licences and registrations

| Jurisdiction | Entity | Licence / registration | Regulator |
|---|---|---|---|
|  | — | Yellow Card Financial Inc. is registered with FinCEN as a money services business (MSB No. 31000334522123). | — |
|  | — | Yellow Card Financial South Africa (Pty) Limited is an FSCA Category I financial services provider authorised for crypto assets (FSP 53790). | — |
|  | — | Yellow Card Botswana holds an NBFIRA virtual asset service provider licence issued on 29 September 2022. | — |
|  | — | Yellow Card Ghana has been registered as a VASP with the Bank of Ghana since August 2025 and joined the Ghana SEC digital assets sandbox on 8 April 2026. | — |
|  | — | Yellow Card Services Zambia is registered as a VASP with the Bank of Zambia (March 2026). | — |
|  | — | Yellow Card Financial Nigeria was admitted on 14 August 2026 to the Nigeria SEC Accelerated Regulatory Incubation Program on a conditional approval-in-principle basis. | — |
|  | — | Afritech Services Sp. z o.o. is on the Polish register of virtual currency businesses (RDWW-1069, 18 December 2023) and does not serve EU customers. | — |
|  | — | Alkepay Inc. is a FINTRAC-registered MSB (C10001750) for fiat services only. | — |
|  | — | StaaS Fintech Services SA has been affiliated with the SRO SO-FIT since 11 June 2026 and serves only corporate and institutional clients. | — |

## Security and audits

- Yellow Card says it holds ISO 27001, SOC 1 and SOC 2 certifications, available through its Trust Center.
- Stored sensitive data is encrypted with AES-256 and data in transit with TLS, per the security page.
- MFA is mandatory for internal and external access to critical systems.

## Security incidents

No security incident is recorded in the sources checked on 1 November 2026 (the company’s own channels and incident databases): [defillama.com/hacks](https://defillama.com/hacks), [hacked.slowmist.io](https://hacked.slowmist.io/), [rekt.news/leaderboard](https://rekt.news/leaderboard), [help.yellowcard.io](https://help.yellowcard.io/), [yellowcard.io/security](https://yellowcard.io/security)

## Who can use it

- Verification: Business customers only; the help centre describes KYB verification for businesses.
- Yellow Card does not transact with 29 countries and regions, including Afghanistan, Belarus, China, Cuba, Iran, North Korea, Russia, Ukraine, Venezuela and Zimbabwe; retail (individual) customers are no longer served.

## History

| Date | Event |
|---|---|
| 2016 | Yellow Card is founded by Chris Maurice (CEO) and Justin Poiroux (CTO), per its about page. |
| 29 September 2022 | Yellow Card Botswana receives a virtual asset service provider licence from NBFIRA. |
| 18 December 2023 | Afritech Services Sp. z o.o. is entered on Poland's register of virtual currency businesses. |
| August 2025 | Yellow Card Ghana is registered as a virtual asset service provider with the Bank of Ghana. |
| 22 January 2026 | Yellow Card's South African company becomes a third party payments provider under a Standard Bank sponsorship. |
| 11 June 2026 | StaaS Fintech Services SA in Lugano joins the Swiss self-regulatory organisation SO-FIT. |
| 14 August 2026 | Yellow Card Financial Nigeria is admitted to the Nigeria SEC Accelerated Regulatory Incubation Program (conditional approval-in-principle). |

## Risks and caveats

- The retail app is closed; individuals can only request refunds by email with ID verification.
- Yellow Card does not guarantee that any stablecoin on its platform is backed by cash reserves.
- Accounts and balances are not covered by government deposit insurance.
- Crypto transactions are generally irreversible; Yellow Card is not liable for losses from mistaken or fraudulent transfers.

## About the company

- **Legal entity**: Yellow Card Inc. (site footer); US operating company Yellow Card Financial Inc., a Delaware corporation.
- **Founders**: Chris Maurice (CEO) and Justin Poiroux (CTO).
- **Team**: 200+ team members across 20 countries (company figure).
- **Funding**: US$85 million in completed equity financings (about page).

## Official links

- Website: [yellowcard.io](https://yellowcard.io/)
- About: [yellowcard.io/about-us](https://yellowcard.io/about-us)
- Licences: [yellowcard.io/legal/licenses-registration](https://yellowcard.io/legal/licenses-registration)
- Legal: [yellowcard.io/legal](https://yellowcard.io/legal)
- Security: [yellowcard.io/security](https://yellowcard.io/security)
- Help centre: [help.yellowcard.io](https://help.yellowcard.io/)
- Developer docs: [docs.yellowcard.engineering](https://docs.yellowcard.engineering/)

## Questions and answers

**Is the Yellow Card app still available?**

No. Yellow Card closed its retail mobile app and says services for individual retail customers are no longer available; it now serves businesses only.

**How do I get my money back from Yellow Card?**

Yellow Card's help centre asks former app users to email support with photos of a government ID, a selfie with a signed, dated refund note, and a matching bank, mobile money or wallet address. It says refunds take 3-5 business days.

**Is Yellow Card licensed?**

Yellow Card lists an FSCA crypto authorisation in South Africa (FSP 53790), a FinCEN MSB registration in the US, VASP registrations in Botswana, Ghana and Zambia, and others. These are the company's own statements.

**Is Yellow Card shutting down?**

Yellow Card says no: it is not shutting down as a company but moving its business model to the B2B market.

## Sources

- [Yellow Card - Home](https://yellowcard.io/)
- [Yellow Card - About us](https://yellowcard.io/about-us)
- [Yellow Card - Legal](https://yellowcard.io/legal)
- [Yellow Card - Licenses & Registrations](https://yellowcard.io/legal/licenses-registration)
- [Yellow Card - Security & Compliance](https://yellowcard.io/security)
- [Yellow Card - General Risk Disclosure](https://yellowcard.io/legal/risk-disclosure)
- [Yellow Card Knowledge Base](https://help.yellowcard.io/)
- [Yellow Card Retail App Closure - Important Information](https://help.yellowcard.io/articles/7181258608-yellow-card-retail-app-closure-important-information)
- [Countries and regions we do not support](https://help.yellowcard.io/articles/6362178041-countries-and-regions-we-do-not-support)
- [Supported Digital Assets for Send and Receive on your API Dashboard](https://help.yellowcard.io/articles/8827054084-supported-digital-assets-for-send-and-receive-on-your-api-dashboard)

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Page updated: 2026-11-01

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Source: https://revain.org/exchanges/yellowcard/