Stablecoin payments company Yellow Card has annouced a major move. It has acquired Brazilian virtual asset provider GoMoney, giving it direct operations in Brazil and its first owned business in Latin America. The deal closed in October 2026 and was announced on November 4. The companies did not disclose its financial terms.

The acquisition adds local payment capabilities in Brazilian reais to Yellow Card’s services for business clients. Through GoMoney, customers will be able to collect and disburse reais. This includes Pix, Brazil’s instant payment system, and settle transactions in stablecoins.

Yellow Card said these services will connect with its existing treasury and liquidity offerings across other markets.

Why is Yellocard Acquiring GoMoney

Founded in 2018 and based in São Paulo, GoMoney serves international businesses that accept payments in Brazil and settle in digital assets. As per the official announcement, post-acquisition, it will remain a wholly owned Yellow Card subsidiary, continuing under its founders’ leadership.

GoMoney founder and chief executive Maurício Pires said the company had spent eight years building a stablecoin-based business focused on cross-border payments, a model he compared with Yellow Card’s work in Africa and other markets.

The deal gives Yellow Card a local foothold in a significant market, while GoMoney’s regulatory application remains under review. The company has applied to the Banco Central do Brasil for authorization to operate as a virtual asset service provider under Brazil’s virtual-assets law and central bank rules.

Until the application is decided, GoMoney operates under the country’s transitional regime. Full authorization is not guaranteed and depends on the central bank’s review and approval.

Brazil’s Growing Crypto Engagements

Brazil’s market activity helps explain the attraction. Chainalysis estimated that the country saw $252.5 billion in cryptocurrency activity from July 2025 to June 2026, making it Latin America’s largest crypto economy. Its analysis also found that Brazil’s stablecoin economy grew 495% over the comparison period, with business needs such as cross-border transfers and liquidity management among the drivers. Chainalysis report

“Building global financial infrastructure requires compliance with local frameworks, local payment rails, and local expertise,” Yellow Card co-founder and chief executive Chris Maurice said in the company announcement. He said GoMoney had built a strong foundation in Brazil and that joining the businesses would help serve customers and advance Yellow Card’s expansion plans.

The acquisition follows a $40 million financing round Yellow Card announced in August, which included investments from Standard Chartered and Sony. The company has also reported regulatory approvals or registrations in several markets, including Canada, Switzerland, Nigeria, Ghana and Zimbabwe. With GoMoney, Yellow Card is extending its payments network into Latin America through a locally established provider, while the Brazilian authorization process continues.