Yellow Card Acquires GoMoney to Enter the Brazilian Market

Yellow Card completed the acquisition of Brazilian virtual asset service provider GoMoney in October, with the transaction amount undisclosed. Founded in 2018 and headquartered in São Paulo, GoMoney will continue to operate as a wholly-owned subsidiary of Yellow Card under the management of its founding team. This acquisition marks Yellow Card's first direct business operation in Brazil, enabling it to offer local payment services in Brazilian reais, including Pix, and settle in stablecoins. GoMoney has applied for a virtual asset service provider license from the Central Bank of Brazil and will continue to operate under a transitional regime during the approval period.

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