Yellow Card, a stablecoin payments company founded in Nigeria, will shut down its retail platform and transition fully to a business-to-business (B2B) model by the end of the year. The company said the move reflects rising enterprise demand for cross-border payments and treasury solutions built on its stablecoin infrastructure.

Retail users have until December 31 to withdraw funds before accounts are closed. Any balances not withdrawn by that date will be placed in a locked account and remain recoverable with proof of ownership, the company said.

From January 1, 2026, Yellow Card will focus exclusively on its B2B product suite, including stablecoin-based payment processing, fiat settlement rails, custody services and the issuance of local-currency stablecoins in selected markets. The company said enterprise transaction volumes now account for the majority of its activity.

Chief Marketing Officer John Colson told TechCabal that the shift represents “a strategic refocus” rather than a change in mandate. He said growth in corporate and institutional demand has outpaced retail usage, which has slowed amid tighter cryptocurrency regulation and market volatility across several African markets.

Founded in 2019, Yellow Card operates in 34 countries and has raised $88mn in venture funding. The company reported processing more than $3bn in stablecoin transactions in 2024, supported in part by partnerships including one with Visa announced earlier this year.

The transition mirrors broader trends across Africa’s crypto sector, where several exchanges and wallet providers have shifted from mass-market retail to enterprise-focused services to reduce compliance exposure and improve unit economics. Firms such as Quidax and Busha have made similar adjustments.

Yellow Card said it will continue to work with regulators in its operating markets as it expands its cross-border payments and settlement infrastructure across Africa, Latin America and Asia.