Yellow Card, a stablecoin infrastructure provider, has launched Global Accounts, a service enabling businesses to mange and move money across international markets through a single platform.
The offering provides access to named US dollar, pound sterling and euro accounts, alongside local payment networks supporting more than 50 currencies in over 190 countries.
The launch builds on the fintech company's existing payments infrastructure, which has processed more than $10 billion in transaction volume and operates under nine active licences and registrations globally, according to Yellow Card.
Global Accounts enables businesses to send and receive payments through ACH, SWIFT and Fedwire, as well as local payment rails.
The service can be managed through a single application programming interface or Yellow Card's Treasury Portal, the company said.
For platforms requiring additional regulatory coverage, the offering also supports managed bank account structures, allowing them to provide named accounts directly to their end customers.
Chris Maurice, CEO and co-founder of Yellow Card, said the service aims to reduce the need for businesses to establish new banking relationships whenever they enter another market.
“Businesses shouldn’t need a new banking relationship every time they enter a new market. Global Accounts changes that,” Maurice said.
“We’re giving businesses one infrastructure layer to move, manage and access money across markets, without rebuilding their financial operations country by country. It’s a major step towards making global money movement as simple as operating locally,” he added.
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