Centi Grows from 8 to 20 African Markets, Unlocking 350M+ Mobile Money Users With Instant Transfers at the Best Rates
Zürich, Switzerland 25 February 2025. Every year, African migrants working in Switzerland send billions home to support their families. But instead of receiving the full value of their hard-earned money, recipients lose a massive share to unfair exchange rates and hidden costs. The remittance industry has been built to maximize profits for middlemen, forcing migrants to accept terrible conversion rates that drain their earnings.
Swiss fintech Centi has partnered with Yellow Card, Africa’s largest licensed stablecoins on/off ramp, to end this exploitation. Through the Centi app, customers can now instantly send money to 350M+ recipients across 20 African countries at a fraction of traditional costs.
The Numbers Speak for Themselves
- 85% cheaper than traditional providers: Sending CHF 100 now costs as little as CHF 2 instead of CHF 15
- 20 African countries covered, including Nigeria, Ghana, Kenya, and South Africa
- 350M+ mobile money customers reached via MTN, Airtel, and M-Pesa
- Direct transfers available to 100+ African banks
The Centi-Yellow Card partnership isn’t just about sending money, it’s about removing barriers and making remittances truly accessible:
- Cash deposits are available at Swiss postal offices, making it easy for unbanked customers
- No bank account required: Transfers can go directly to mobile wallets like M-PESA
- No minimum transfer amount: Even small amounts arrive without penalty
- Instant settlements: No delays, no hidden costs
- Built on blockchain-based stablecoin technology for stability and security
- Bank guarantee-backed digital money facilitates the process to ensure trust and long-term reliability.
- Fully Swiss-regulated business. Ensuring compliance and highest standards in financial services.
Taking a Stand Against an Unfair System
“For too long, migrants have been forced to accept terrible exchange rates and hidden costs that take from their families,” said Bernhard Müller, CEO of Centi. “We are not just another remittance provider; we are here to disrupt a highly inefficient system, thus empowering senders to save.” He adds. “Many of our users translate these savings into sending some extra joy to a loved one back home, and for us, it is all about making that difference”
“This partnership transforms remittances from Switzerland to Africa by eliminating hidden costs and high exchange rates,” said Chris Maurice, CEO and co-founder of Yellow Card. “By integrating with Centi, we are expanding our footprint, enabling stablecoin-based transfers to Africa that are instant, transparent, and secure for millions of recipients across the continent.”
Live Now – Send Money Instantly via the Centi App
- Download the Centi app today and experience instant, low-cost transfers
- Transfer money to 350M+ mobile money users across Africa
- No hidden fees, no unfair exchange rates, just fair and fast remittances
- Swiss regulated and built for long-term growth
About Centi
Centi AG is a Swiss-regulated fintech company revolutionizing the payment industry through blockchain technology and bank-backed stablecoins. Built on Swiss financial excellence, Centi’s platform enables instant, low-cost digital payment solutions that are accessible to everyone. The innovative solution combines regulatory compliance with cutting-edge technology to provide transparent, efficient payment services. Through strategic partnerships like Yellow Card, Centi is making digital payments more accessible, affordable, and efficient globally.
About Yellow Card
Yellow Card is the largest licensed Stablecoin on/off ramp in Africa. Operating across 20 countries, we provide individuals and businesses of all sizes across Africa with secure, liquid, and cost-effective access to USDT, USDC, and PYUSD via their local currency directly and through our Payments API.
For more information, visit www.centi.app | https://yellowcard.io/
Media Contact
Ralf Zellweger
ralf@centi.ch
Centi AG, Im Schilf 4, 8044 Zürich, Switzerland
