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Abstract: The aim of this study is to create a fast and stable iterative technique for numerical solution of a quasi-linear elliptic pressure equation. We developed a modified version of the Anderson acceleration (AA) algorithm to fixed-point (FP) iteration method. It computes the approximation to the solutions at each iteration based on the history of vectors in extended space, which includes the vector of unknowns, the discrete form of the operator, and the equation's right-hand side. Several constraints are applied to AA algorithm, including a limitation of the time step variation during the iteration process, which allows switching to the base FP iterations to maintain convergence. Compared to the base FP algorithm, the improved version of the AA algorithm enables a reliable and rapid convergence of the iterative solution for the quasi-linear elliptic pressure equation describing the flow of particle-laden yield-stress fluids in a narrow channel during hydraulic fracturing, a key technology for stimulating hydrocarbon-bearing reservoirs. In particular, the proposed AA algorithm allows for faster computations and resolution of unyielding zones in hydraulic fractures that cannot be calculated using the FP algorithm. The quasi-linear elliptic pressure equation under consideration describes various physical processes, such as the displacement of fluids with viscoplastic rheology in a narrow cylindrical annulus during well cementing, the displacement of cross-linked gel in a proppant pack filling hydraulic fractures during the early stage of well production (fracture flowback), and multiphase filtration in a rock formation. We estimate computational complexity of the developed algorithm as compared to Jacobian-based algorithms and show that the performance of the former one is higher in modelling of flows of viscoplastic fluids. We believe that the developed algorithm is a useful numerical tool that can be implemented in commercial simulators to obtain fast and converged solutions to the non-linear problems described above.