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    Yellow Card review: licences in Africa and the widget for individuals

    Updated October 18, 2026 Facts verified on October 18, 2026

    3.3/5 on other platforms 22.6K ratings Alternatives

    Yellow Card now sells stablecoin infrastructure to businesses; its South African company is FSCA-authorised (FSP 53790) and its Botswana company holds an NBFIRA licence.

    Key facts

    Regulators
    FSCA, NBFIRA
    Proof of reserves
    not published
    Deposits and withdrawals
    Bank transfer
    Founded
    2016

    Facts checked on October 18, 2026. Details and sources below.

    Pros

    • South African company authorised for crypto assets by the FSCA (FSP 53790)
    • Botswana company holds a virtual asset service provider licence from NBFIRA
    • Publishes the company and the licence or registration for each country
    • Widget sales can be paid out to a bank account or mobile money

    Cons

    • The site is built for businesses; there is no public fee table
    • The Nigeria, Ghana and Zambia companies hold registrations or approvals, not licences
    • No published withdrawal fees for USDT or USDC
    • Its help centre blocks crawlers, so we could not read it

    Licences and legal entities

    Legal entity Regulator Licence no. What we checked
    Yellow Card Financial South Africa (Pty) Limited FSCA (South Africa) 53790 October 18, 2026
    Yellow Card Botswana Proprietary Limited NBFIRA (Botswana) 11/1/5(1) October 18, 2026
    Yellow Card Financial Nigeria Limited SEC Nigeria (Nigeria) — Registration or provisional approval, not a licence October 18, 2026
    Yellow Card Ghana Limited Company BoG (Ghana) — Registration or provisional approval, not a licence October 18, 2026
    Yellow Card Services Zambia Limited BoZ (Zambia) — Registration or provisional approval, not a licence October 18, 2026
    Yellow Card Rwanda Limited FIC (Rwanda) — Registration or provisional approval, not a licence October 18, 2026
    Yellow Card Tanzania Limited FIU (Tanzania) — Registration or provisional approval, not a licence October 18, 2026
    Yellow Card Financial Inc. FinCEN (United States) 31000334522123 Registration or provisional approval, not a licence October 18, 2026
    Africa Tech Holdings, LLC FinCEN (United States) 31000308810167 Registration or provisional approval, not a licence October 18, 2026
    Alkepay Inc. FINTRAC (Canada) C10001750 Registration or provisional approval, not a licence October 18, 2026
    StaaS Fintech Services SA SO-FIT (Switzerland) 1571 Registration or provisional approval, not a licence October 18, 2026
    Afritech Services Sp. z o.o. IAS Katowice (Poland) RDWW-1069 Registration or provisional approval, not a licence October 18, 2026

    Futures and earn products

    Proof of reserves
    not published

    Deposits and withdrawals

    Method Deposit Withdrawal Fee Time
    Bank transfer No Yes Rate and fees shown before each transaction —

    Ratings on other platforms

    What users of app stores and TradingView give Yellow Card. These are their ratings, not a Wealth.cat score.

    Average across platforms: 3.3/5 22.6K ratings · Weighted by the number of ratings on each platform.
    Platform What is rated Rating Ratings Checked
    Google Play YellowCard: Buy & Sell Bitcoin 3.3/5 21.9K October 28, 2026
    App Store YellowCard: Buy & Sell Bitcoin 3.3/5 740 October 28, 2026

    App store ratings rate the company’s mobile app. Counts with K or M are rounded by the platform.

    This summarises what reviewers wrote; we did not verify their claims, and companies can invite customers to leave reviews.

    Screenshots

    Pages we captured in a browser on the date shown. Pages can look different in your country.

    Yellow Card home page
    Yellow Card home page Captured October 28, 2026 · Source
    Yellow Card regulation page
    Yellow Card regulation page Captured October 28, 2026 · Source

    What Yellow Card is today

    Yellow Card was founded in 2016. Its parent company, Yellow Card Financial Inc., is incorporated in Delaware, with a principal business office in Birmingham, Alabama, and owns the local companies listed below. The website now presents Yellow Card as stablecoin payments infrastructure, “enabling banks, financial institutions, corporates, and other businesses” to store, send and manage stablecoins and local currencies. There is no retail sign-up or retail fee page on the site. All facts in this review were checked on 18 October 2026 on Yellow Card’s own pages.

    Licences and registrations

    Yellow Card lists its companies country by country, each with its authority:

    • South Africa: Yellow Card Financial South Africa (Pty) Limited is a Category I financial services provider “with authorisation in respect of crypto assets”, regulated by the Financial Sector Conduct Authority (FSP 53790). It is also a third-party payments provider under bank sponsorship and registered with the Financial Intelligence Centre.
    • Botswana: Yellow Card Botswana holds a virtual asset service provider licence (Certificate No. 11/1/5(1)) issued in 2022 by the Non-Bank Financial Institutions Regulatory Authority.
    • Nigeria: Yellow Card Financial Nigeria Limited was admitted in August 2026, on a conditional approval-in-principle basis, to the SEC’s Accelerated Regulatory Incubation Program.
    • Ghana: registered as a virtual asset service provider with the Bank of Ghana since August 2025, and a participant in the SEC Ghana sandbox since April 2026.
    • Zambia: registered as a virtual asset service provider with the Bank of Zambia (Circular 05/2026).
    • Rwanda, Tanzania, Malawi, Uganda: registered for financial-crime reporting with the local Financial Intelligence Centre, Unit or Authority; in Tanzania an application to the Bank of Tanzania’s fintech sandbox is pending.
    • Outside Africa: two US companies are registered as money services businesses with FinCEN, a Canadian company with FINTRAC (fiat only), a Swiss company is a member of the self-regulatory organisation SO-FIT (corporate clients only), and a Polish company is on Poland’s register of virtual currency businesses (no EU customers).

    Only the South African and Botswana entries are licences; we mark the others as registrations. We did not check these numbers in the regulators’ registers.

    Using Yellow Card as an individual

    Individuals use Yellow Card through the Yellow Card Widget, which works “from any supported website, exchange or DApp”. You sign up with an e-mail address; the account is a profile, not a wallet, so you cannot keep money or crypto in it. When you buy, Yellow Card sends the crypto to a wallet address you provide; when you sell, it pays you in local currency to your mobile money or bank account. The accounts and wallet must be in your own name. Payment methods for buying are shown only during the purchase.

    Fees, networks and currencies

    Yellow Card shows the rate and fees before each transaction but publishes no fee table, so this review has no trading or withdrawal fees. Its business page lists the networks it handles: USDT on TRC20, Celo, TON, SOL and Polygon, and USDC on ERC20, Celo, Base, XLM, SOL and Polygon. The site lists more than 50 payment currencies in over 60 countries for its business network — among them NGN, GHS, KES, ZAR, XOF, XAF, UGX, TZS and ZMW — but does not say which of them the widget supports for individuals.

    Earn products

    The business page offers to “Earn Yield on your Stablecoin Balances”, while the legal page says Yellow Card does not undertake staking or lending. Because the two pages disagree, we do not list an earn product. Yield is never guaranteed, and you can lose part of the balance.

    Before you use it

    • Check which Yellow Card company is behind the app or website you use, and whether it holds a licence or only a registration.
    • Compare the quoted rate and fees with another provider before you confirm.
    • Make sure the network of your wallet matches the one Yellow Card sends on.

    We have not tested Yellow Card with our own account yet; this review will be updated when we do.

    Frequently asked questions

    Is Yellow Card regulated?

    Yes. Yellow Card operates through entities licensed by FSCA (South Africa) and NBFIRA (Botswana). Licence numbers and legal entities are listed in the licences table on this page.

    How is Yellow Card rated on other platforms?

    As of October 28, 2026: Google Play 3.3/5 (21.9K ratings) and App Store 3.3/5 (740 ratings). Weighted by the number of ratings, the average is 3.3/5. These are ratings by those platforms’ users, not a Wealth.cat score.

    Alternatives

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    Sources