Stablecoin adoption is surging throughout Africa, with sub-Saharan Africa having the highest adoption rate in the world at 9.2%

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ — 

Yellow Card (www.YellowCard.io), Africa’s leading stablecoin-based infrastructure provider, has been issued a Crypto Asset Service Provider (CASP) licence by the Financial Sector Conduct Authority (FSCA) in South Africa.  

Commenting on the FSCA’s decision to issue the licence to Yellow Card Financial South Africa, Chris Maurice, Yellow Card’s co-founder and CEO, said, “The CASP licence underscores Yellow Card’s commitment to its customers in South Africa and regulatory compliance across the continent.This achievement reflects our dedication to providing secure, compliant and transformative solutions for our customers both in South Africa and across Africa.  

The CASP licence underscores Yellow Card’s commitment to its customers in South Africa and regulatory compliance across the continent

Stablecoin adoption is surging throughout Africa, with sub-Saharan Africa having the highest adoption rate in the world at 9.2%. In South Africa alone, where the number of total users of crypto assets is estimated to amount to 5.8 million people, stablecoins have experienced growth of 50% month over month since October 2023, displacing bitcoin as the country’s most popular cryptocurrency.  Yellow Card is excited to play a pivotal role in this financial revolution in South Africa. 

Yellow Card, which launched in South Africa in 2020, has facilitated over US$3 billion in transactions in the last several years and now operates in 20 countries across the continent. The company recently completed a US$33 million Series C financing, led by Blockchain Capital and existing investors, including Polychain Capital, Valar Ventures, Third Prime Ventures, Coinbase Ventures, and Block, Inc. (Square/Cash App), reflecting strong investor confidence in its mission.   

As the stablecoin landscape continues to evolve, Yellow Card is committed to leading the charge in making digital assets accessible and secure for businesses across Africa. With the recent licensing and funding, the company plans to expand its B2B offerings by enhancing its stablecoin rails, upgrading infrastructure, and advancing its B2B API and Widget. These efforts will empower businesses with seamless solutions for liquidity management and their general operations. 

To learn more about Yellow Card, visit: https://YellowCard.io/. 

Distributed by APO Group on behalf of Yellow Card Financial.

MTN Cloudplay will allow MTN users in South Africa to access a wide range of cloud-based video games, providing a high-quality gaming experience without the need for downloads or high-end gaming consoles

JOHANNESBURG, South Africa, November 20, 2024/APO Group/ —

• Both companies extend their collaboration to introduce cloud gaming in South Africa.
• MTN Cloudplay aims to revolutionize digital entertainment with affordable, high-quality gaming access.

MTN, Africa’s leading telecommunications operator with over 290 million subscribers across the continent, announces the launch of Cloudplay, a revolutionary new cloud gaming service, with Telecoming (www.Telecoming.com), a sportech company specializing in developing and distributing mobile experiences for sports and entertainment. This project marks a new milestone in the ongoing collaboration between the two companies.

MTN Cloudplay: A Game Changer

MTN Cloudplay will allow MTN users in South Africa to access a wide range of cloud-based video games, providing a high-quality gaming experience without the need for downloads or high-end gaming consoles. The service will allow customers to stream high-end PC games to their mobile phones, enabling them to play anywhere, anytime.

This service seeks to democratize access to high-quality mobile gaming for the whole family; including various genres which include retro games and exciting popular gaming titles with multi-device gameplay, at an affordable price of only R79 per month.

Jason Probert, General Manager for Digital Services at MTN South Africa shared his thoughts on the collaboration:

Customers can use their existing Steam licenses on the service, and have access to more than 300 games on the service for only R79 per month

“We’re thrilled to launch MTN Cloudplay in South Africa. We’re committed to enabling our customers to enjoy the benefits of a modern connected life and the advent of 5G means that it is now possible to stream and play games without the need for a PC or console. Customers can use their existing Steam licenses on the service, and have access to more than 300 games on the service for only R79 per month.”

Alí Karaosman, MEA Director of Telecoming says “It is very exciting for us to extend our collaboration with MTN, bringing our nearly decade-long experience in this market and supporting the operator in this innovative digital entertainment offering, we are convinced that MTN Cloudplay will revolutionize the way users in South Africa enjoy video games. For Telecoming, this partnership with MTN is a strategic step in our mission to bring esports and innovative digital services to Africa. We are committed to continuing to develop technological solutions that enhance digital leisure for people in the region.”

Service Details

MTN Cloudplay is available to all MTN users in South Africa since November 2024. With a vast library of over 340 games from over 50 publishers, this cloud gaming service offers an unmatched gaming experience on any device.

MTN Cloudplay is accessible to MTN subscribers. Users can visit https://Cloudplay.MTN.co.za to explore the platform and enjoy a wide selection of gaming titles.

Highlights

• Extensive Game Library: Enjoy classics like Contra, PacMan and Mortal Kombat and modern hits like Hogwarts Legacy and Borderlands 3.
• Bring Your Own License (BYOL): Access games you’ve purchased on Steam, such as Grand Theft Auto V and Fallout 4.
• Multi-Device Access: Play on any device and switch seamlessly between them.
• Low Latency: Experience responsive gameplay with minimal lag.
• Subscription: Available directly on https://Cloudplay.MTN.co.za or via the MTN Play https://Play.MTN.co.za website for R79 per month.

Distributed by APO Group on behalf of Telecoming.

This partnership will foster enhanced economic ties, business opportunities, and knowledge-sharing across Europe and Africa

BRUSSELS, Belgium, November 20, 2024/APO Group/ — 

The EU-Africa Chamber of Commerce (EUACC) (www.EU-Africa-Chamber.org), a prominent organisation dedicated to advancing economic relations between Europe and Africa, and APO Group (www.APO-opa.com), the leading award-winning pan-African communications consultancy and press release distribution service, are pleased to announce a strategic partnership. This collaboration aims to boost EUACC’s mission of promoting sustainable business development, investment, and strong private sector growth between the two continents. As the official communications partner, APO Group will support EUACC events, initiatives, and outreach efforts through strategic press release distribution, media monitoring, and expert public relations support.

The mission of the EU-Africa Chamber of Commerce is to contribute to the growth of a robust African private sector, facilitate meaningful dialogues on key economic and policy topics, and encourage mutually beneficial partnerships between Europe and Africa. In 2024, Africa hosts 11 of the world’s 20 fastest-growing economies and ranks as the second-fastest-growing economic region globally, behind Asia. EUACC works as a key facilitator for harnessing these opportunities by providing a platform for debate, connecting business leaders, and opening new avenues for career and business growth across Africa. Drawing on extensive experience in supporting Africa’s private sector ecosystem, EUACC empowers European companies to explore and invest in the continent’s vibrant industries, advancing cross-continental economic collaboration. As part of its advocacy for the African private sector, EUACC has developed a comprehensive strategy focused on five key pillars: access to finance, markets, innovation, influence, and sustainability. This targeted approach ensures impactful support for businesses and promotes sustainable development across Africa.

Commenting on the partnership, Sonia Toro, Executive Director of the EU-Africa Chamber of Commerce, said, “This partnership with APO Group represents an exciting opportunity to advance our mission of connecting European and African businesses. APO Group’s extensive experience in the African market, combined with their communications expertise, will help us bring greater visibility to our initiatives and drive impactful conversations on economic cooperation. Together, we aim to empower businesses, foster mutual growth, and deepen the relationship between Europe and Africa.”

APO Group’s extensive experience in the African market, combined with their communications expertise, will help us bring greater visibility to our initiatives

APO Group’s Founder and Chairman, Nicolas Pompigne-Mognard (www.Pompigne-Mognard.com), added, “We are honoured to work with the EU-Africa Chamber of Commerce to support stronger business ties across Europe and Africa. This partnership is a powerful avenue for encouraging new opportunities for trade, investment, and innovation between our continents. At APO Group, we’re committed to leveraging our expertise to amplify EUACC’s voice, helping to highlight the tremendous potential within the EU-Africa business landscape.”

Since its founding 17 years ago, APO Group has grown steadily, providing press release distribution and communications services to over 300 clients, 85% of whom are multinational companies. Its client roster includes industry giants such as Microsoft, TikTok, Coca-Cola, the NBA, Marriott, Canon, Western Union, MasterCard, KFC, GoDaddy, GE, Jeep, Toshiba, Vodacom, Universal Music, Binance, Kaspersky, Pfizer, and AstraZeneca, as well as major institutions like the African Development Bank, the Islamic Development Bank, and the European Investment Bank. From 2012 to 2024, APO Group achieved an average annual growth rate of 35%, all without external funding, a testament to the demand for their specialised expertise and strong presence in the African market.

Through this partnership, the EU-Africa Chamber of Commerce will leverage APO Group’s communication expertise to enhance the reach and impact of its key initiatives, which include trade missions, business forums, and networking events. APO Group will also assist EUACC in promoting major events such as the annual EU-Africa Business Forum, which brings together business leaders, policymakers, and investors to discuss opportunities and challenges within the EU-Africa trade corridor.

With this partnership, EUACC is poised to broaden its impact, helping ensure that the voices and achievements of African and European enterprises are recognised on the global stage.

This strategic alliance marks an important milestone in EUACC’s journey, as it continues to create lasting connections, drive new opportunities, and elevate the economic partnership between Europe and Africa. Together, EUACC and APO Group look forward to a shared mission of nurturing a dynamic, sustainable, and mutually beneficial future for both continents.

Distributed by APO Group on behalf of APO Group.