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The two companies will explore innovative real-world use cases for stablecoin-enabled payments including strengthening digital asset payment security with Mastercard Crypto Credential
JOHANNESBURG and NEW YORK, May 7, 2026 /PRNewswire/ -- Mastercard and Yellow Card, a licensed stablecoin infrastructure provider operating primarily across Africa, with additional capabilities in select emerging markets, have announced a strategic partnership to accelerate stablecoin-enabled payment innovation across Eastern Europe, the Middle East, and Africa (EEMEA), with plans for global expansion.
The collaboration will explore breakthrough applications for stablecoin payments across four key verticals: cross-border remittances, B2B settlement, digital loyalty ecosystems, and treasury management. Both companies will work with banks, financial institutions, and regulatory bodies to pilot secure, compliant stablecoin solutions that enhance payment efficiency and reduce costs for businesses and consumers.
The alliance will establish joint working groups to identify high-impact use cases, and create interoperable solutions for banks and financial institutions in the Mastercard network that bridge traditional finance with blockchain-powered payments. Initial focus markets include Ghana, Kenya, Nigeria, South Africa, and the United Arab Emirates.
"Emerging markets represent the greatest opportunity for payment innovation, but success requires deep local expertise and regulatory navigation," said Chris Maurice, CEO of Yellow Card. "We bring years of experience building compliant stablecoin infrastructure where traditional banking falls short. Mastercard's global network amplifies these capabilities, allowing us to serve businesses and consumers who need better, more affordable ways to move money across borders," added Mr. Maurice.
"Stablecoins are an exciting and useful option for some payments, and we look forward to working on additional use cases with Yellow Card, while continuing to leverage Mastercard's expertise to make stablecoins seamless and secure. Together we look forward to taking digital finance into a new sphere, unlocking new efficiencies in cross-border trade, business-to-business settlements, and digital asset security, to generate a wide-ranging positive impact across the financial ecosystem," said Mete Güney, Executive Vice President, Market Development, EEMEA, Mastercard.
The partnership builds on Mastercard's expanding blockchain ecosystem and Yellow Card's proven track record as one of Africa's leading licensed stablecoin operators, reinforcing both companies' commitment to utility-focused digital asset innovation. As stablecoins gain regulatory clarity and institutional adoption across emerging markets, the collaboration positions both partners at the forefront of secure, scalable digital payment solutions that bridge traditional finance with blockchain technology.
About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com
About Yellow Card
Yellow Card is one of the largest licensed stablecoin-based infrastructure providers with capabilities in 20 African countries and major emerging markets. From Stablecoin payment infrastructure to fiat settlement rails, wallet services, and custom local Stablecoin issuance, Yellow Card provides the complete à-la-carte infrastructure businesses need to manage Stablecoins, payments, and operations across emerging markets.
https://yellowcard.io/
The two companies will explore innovative real-world use cases for stablecoin-enabled payments including strengthening digital asset payment security with Mastercard Crypto Credential
JOHANNESBURG and NEW YORK, May 7, 2026 /PRNewswire/ -- Mastercard and Yellow Card, a licensed stablecoin infrastructure provider operating primarily across Africa, with additional capabilities in select emerging markets, have announced a strategic partnership to accelerate stablecoin-enabled payment innovation across Eastern Europe, the Middle East, and Africa (EEMEA), with plans for global expansion.
The collaboration will explore breakthrough applications for stablecoin payments across four key verticals: cross-border remittances, B2B settlement, digital loyalty ecosystems, and treasury management. Both companies will work with banks, financial institutions, and regulatory bodies to pilot secure, compliant stablecoin solutions that enhance payment efficiency and reduce costs for businesses and consumers.
The alliance will establish joint working groups to identify high-impact use cases, and create interoperable solutions for banks and financial institutions in the Mastercard network that bridge traditional finance with blockchain-powered payments. Initial focus markets include Ghana, Kenya, Nigeria, South Africa, and the United Arab Emirates.
"Emerging markets represent the greatest opportunity for payment innovation, but success requires deep local expertise and regulatory navigation," said Chris Maurice, CEO of Yellow Card. "We bring years of experience building compliant stablecoin infrastructure where traditional banking falls short. Mastercard's global network amplifies these capabilities, allowing us to serve businesses and consumers who need better, more affordable ways to move money across borders," added Mr. Maurice.
"Stablecoins are an exciting and useful option for some payments, and we look forward to working on additional use cases with Yellow Card, while continuing to leverage Mastercard's expertise to make stablecoins seamless and secure. Together we look forward to taking digital finance into a new sphere, unlocking new efficiencies in cross-border trade, business-to-business settlements, and digital asset security, to generate a wide-ranging positive impact across the financial ecosystem," said Mete Güney, Executive Vice President, Market Development, EEMEA, Mastercard.
The partnership builds on Mastercard's expanding blockchain ecosystem and Yellow Card's proven track record as one of Africa's leading licensed stablecoin operators, reinforcing both companies' commitment to utility-focused digital asset innovation. As stablecoins gain regulatory clarity and institutional adoption across emerging markets, the collaboration positions both partners at the forefront of secure, scalable digital payment solutions that bridge traditional finance with blockchain technology.
About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com
About Yellow Card
Yellow Card is one of the largest licensed stablecoin-based infrastructure providers with capabilities in 20 African countries and major emerging markets. From Stablecoin payment infrastructure to fiat settlement rails, wallet services, and custom local Stablecoin issuance, Yellow Card provides the complete à-la-carte infrastructure businesses need to manage Stablecoins, payments, and operations across emerging markets.
https://yellowcard.io/
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Mastercard and Yellow Card Partner to Unlock Stablecoin Payment Innovation Across EEMEA
NINGDE, China, May 7, 2026 /PRNewswire/ -- On April 29th, Contemporary Amperex Intelligent Technology (Shanghai) Limited (CAIT), CATL's skateboard chassis arm, has entered into a strategic partnership with Turkish automotive brand Togg to jointly develop chassis platform for its new B-segment vehicle family, marking the first overseas passenger vehicle project for the platform.
Under the agreement, CAIT will contribute its Bedrock Chassis technology and engineering expertise, while working closely with Togg to co-develop the platform for three models in Togg's new B-segment vehicle family. Developed in line with Togg's product strategy, user expectations and mobility ecosystem, the platform will support next-generation electric vehicles for the Turkish and European markets, with Togg playing a defining role in shaping the user experience, product requirements and digital architecture. The first model developed under the partnership is expected to enter mass production in 2027.
Battery-centric chassis architecture
The Bedrock Chassis is an integrated intelligent chassis built around a "battery-centric" architecture. It combines core chassis components including the battery, electric drive system, thermal management system and chassis domain controller into a single platform. This integration allows the chassis to manage both vehicle energy and motion control, effectively acting as a mobile energy carrier for the vehicle.
Robin Zeng, Chairman and CEO of CATL, said, "This collaboration represents another important milestone in the global expansion of the CATL Bedrock Chassis following its mass production rollout in the Chinese market. It will also serve as a benchmark project in the field of integrated intelligent chassis, strengthening our global partnerships, accelerating electrification and supporting the transition to low-carbon mobility in emerging new energy markets."
Commenting on the partnership, Togg Chairman Fuat Tosyalı said: "We see mobility not merely as a product category, but as a holistic matter of technology and ecosystem. In this direction, we are taking the partnerships we establish beyond conventional supplier relationships and turning them into strategic partnerships that create shared value and build the future together. Rather than adopting a ready-made solution, we are becoming part of the entire development process, responding more effectively to user needs while also contributing to the development of this ecosystem in our country. In the period ahead, through such value-creating partnerships, we will further enrich the Togg ecosystem and the experience we offer our users by developing new solutions across different segments."
Localised model for global markets
The Bedrock Chassis has been developed for global deployment through a "1+1+1" localisation model. This model combines one chassis technology platform with one industrial supply chain pathway and the localised operation of one domestic automotive brand. The aim is to allow electric vehicles to be designed and produced in ways that reflect the needs of local markets while using a common technological foundation.
The partnership with Togg is expected to apply this approach in Türkiye, supporting the development of vehicles tailored to regional consumer preferences while strengthening the local electric vehicle ecosystem.
Expanding international partnerships
In 2024, the Bedrock Chassis achieved mass production in the Chinese market, marking the world's first deployment of an integrated intelligent chassis offered as a standalone product to passenger vehicle brands.
CAIT is continuing to expand cooperation around the Bedrock Chassis in several regions, including Europe and Southeast Asia. The platform is designed to help emerging automotive markets build competitive electric vehicle industries more efficiently, while supporting the global shift towards low-emission mobility.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
CATL Subsidiary CAIT Partners up with Togg on Bedrock Chassis
