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Originally published by Capital Business
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business
May 8, 2026
1mo ago

Mastercard, Yellow Card partner on stablecoin payments in Kenya, Africa

Mastercard, Yellow Card partner on stablecoin payments in Kenya, Africa

The two firms said they will explore the use of stablecoins in cross-border money transfers, business-to-business payments, digital loyalty programmes and treasury management. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Mastercard and Yellow Card are partnering to introduce stablecoin-based payment solutions across Eastern Europe, the Middle East, and Africa, including Kenya.

  • The collaboration aims to enhance cross-border money transfers, business-to-business payments, and digital loyalty programs using blockchain technology.
  • Key organizations involved are Mastercard and Yellow Card.
  • The initiative will also focus on strengthening digital asset payment security through Mastercard Crypto Credential technology.

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Glovo has pledged to invest Sh10 billion in Kenya by 2030, signaling a significant expansion of its delivery services in the country. Kenyan electric mobility firm Teketeke is seeking at least Sh1 billion in investment to expand its solar-powered charging network and promote electric motorcycles and three-wheelers, particularly in rural areas. Old Mutual Kenya has launched a nationwide financial wellness campaign to assist small businesses and households in navigating persistent financial pressures. Additionally, Mastercard and Yellow Card are partnering to introduce stablecoin-based payment solutions across Eastern Europe, the Middle East, and Africa, including Kenya.

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