Yellow Card selects Turnkey for stablecoin payments in emerging markets

Cross-border payments in emerging markets still cost an average of 6.36% per transaction and can take days to settle. Stablecoins change that model. They offer dollar-pegged value, near-instant settlement, and a way around the markup and delays built into correspondent banking.

But stablecoin payments still need wallets, and wallets have historically introduced the very friction stablecoins are meant to remove.

Traditionally, using stablecoins has meant asking users to manage crypto wallets, seed phrases, private keys, and unfamiliar signing flows. For most end users, that is too much friction. It slows adoption, hurts conversion, and turns a simple payment experience into a crypto onboarding problem.

Yellow Card and Turnkey are removing that barrier together. Yellow Card provides the stablecoin rails. Turnkey provides the secure wallet infrastructure behind the scenes, so businesses can offer fast, reliable cross-border payments.

‍Who is Yellow Card? Stablecoin infrastructure for emerging-market payments

Yellow Card is one of the largest licensed stablecoin infrastructure providers in the world, operating across 34 countries, including 20 in Africa.

Its platform gives banks, fintechs, and enterprises the infrastructure to access, store, send, and manage stablecoins across local currencies. In practice, that means the financial plumbing for moving money across borders without the delays, costs, and operational friction of traditional correspondent banking.

That infrastructure is difficult to build and even harder to license from scratch. It is why some of the world’s largest payment networks are working with Yellow Card to power stablecoin movement across emerging markets.

Visa uses Yellow Card to support treasury operations and liquidity management in emerging markets. Mastercard partnered with Yellow Card in May 2026 to pilot stablecoin-enabled payments across Eastern Europe, the Middle East, and Africa, with use cases spanning remittances, B2B settlement, digital loyalty, and treasury flows.

PayPal has also selected Yellow Card as a Xoom disbursement partner for PYUSD, PayPal’s dollar-pegged stablecoin. Through the partnership, PayPal customers can send cross-border transfers to recipients across Africa, with funds deposited directly into local bank or mobile money accounts.

Turnkey’s role in simplifying wallet UX for Yellow Card-powered stablecoin payments

With Turnkey’s embedded wallet infrastructure, when a user signs up for an application built on Yellow Card, a wallet can be provisioned automatically in the background. There are no seed phrases, browser extensions, or extra wallet setup steps. 

Users authenticate with familiar methods like email, passkeys, or social login, then interact with the product they came to use. The wallet becomes infrastructure they never have to think about.

Yellow Card handles the stablecoin rails beneath the surface, including on/off-ramps, cross-border routing, FX conversion, and compliance across the jurisdictions where it operates. Turnkey handles the wallet layer: key generation, secure signing inside hardware-backed enclaves, and session management. 

The result is a payment experience that feels familiar to end users, backed by infrastructure that meets the security and compliance requirements of the banks, fintechs, and enterprises Yellow Card serves.

Why this matters: Embedded wallets improve UX and adoption

User experience has been one of the biggest barriers to stablecoin adoption in emerging markets.

Businesses are turning to stablecoins because the need is real: volatile local currencies, high remittance costs, and limited access to dollar-denominated accounts. But for end users, the path to using stablecoins has often involved wallet setup, seed phrases, private key management, and unfamiliar signing flows, creating friction at the exact moment the product needs to feel simple.

Embedded wallets change all of that.

With Turnkey, users do not need to understand crypto to benefit from stablecoin rails. They simply use the application, while the wallet infrastructure runs securely in the background.

For developers building on Yellow Card, Turnkey lowers the integration burden even further. Key management, authentication, signing, custody configuration, and policy controls are available through a single API, instead of becoming separate infrastructure problems for teams to solve on their own.

That means teams can ship non-custodial, production-grade wallets faster, while staying focused on the product experience.

Get started with Turnkey’s embedded wallets for stablecoin payments

Turnkey’s Embedded Wallet Kit is the fastest path to a working embedded wallet. It includes pre-built authentication and wallet UI components, a hook-based API, and no backend requirement.

For teams building on Yellow Card’s infrastructure, or integrating Turnkey into any payments stack, it’s the recommended starting point for launching embedded wallets without taking on wallet infrastructure from scratch.

Get started with Turnkey today.

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