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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Tranzmit and Yellow Card Partner to Streamline U.S.-Nigeria Payments

From ThisDay · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources New plan
  • U.S.-based Tranzmit Payment Services integrated Yellow Cardโ€™s Payments API for its U.S.-Nigeria payment corridor.
  • The partnership is intended to make cross-border settlement faster and more transparent for Tranzmitโ€™s operations in emerging markets.

Tranzmit Payment Services has joined forces with Yellow Card to change how money moves between the United States and Nigeria, starting with one of its largest and fastest-growing payment corridors.

The U.S.-headquartered communications and financial services company integrated Yellow Cardโ€™s Payments API. The arrangement gives Tranzmitโ€™s U.S. operations a direct settlement path abroad, replacing the uncertainty associated with older settlement systems with a service designed for emerging markets.

What this integration does is give Tranzmitโ€™s operations in emerging markets a significant upgrade, replacing the friction and unpredictability of legacy settlement with something that is fast, transparent, and purpose-built for the markets their customers care about most.

โ€” Chris MauriceYellow Cardโ€™s CEO and co-founder described the expected benefits of the API integration.

Yellow Card CEO and co-founder Chris Maurice said Tranzmit had spent decades moving money and connecting people across borders. โ€œWhat this integration does is give Tranzmitโ€™s operations in emerging markets a significant upgrade, replacing the friction and unpredictability of legacy settlement with something that is fast, transparent, and purpose-built for the markets their customers care about most,โ€ he said.

Tranzmit CEO Daniel Asturias said the company was using financial technology to make transfers simpler and more seamless. โ€œWe empower businesses and people to move money with confidence, speed, and ease,โ€ he said.

We empower businesses and people to move money with confidence, speed, and ease.

โ€” Daniel AsturiasTranzmitโ€™s CEO described the companyโ€™s fintech strategy.
About this summary

Originally published by ThisDay in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.