Reap Becomes Visa Principal Member in Mexico, Expands Stablecoin Card Issuing Globally
Mexico City, Mexico, May 27th, 2026, Chainwire
Company is now dual Principal License holder in Mexico and Hong Kong, card issuance solution expected to reach quarter million card users in Mexico
Reap, a global technology company offering stablecoin-native payments infrastructure, today announced it has been granted Visa Principal Issuer Membership in Mexico. This marks a milestone in Reap’s global expansion into the Americas and strengthens the company’s ability to bring its industry leading credit card issuing solution to serve businesses worldwide.
Reap is already a Visa Principal Issuer in Hong Kong and now becomes one of a few stablecoin payments companies globally to have a Visa Principal Issuer License in both Asia and the Americas. A Visa Principal Member license is typically granted to large established financial institutions and specialized payment companies like Reap that can directly manage risk, settle funds with Visa, and can meet strict regulatory standards. It enables the member to connect to Visa’s global network to issue cards and build customized payment products, without relying on third-party sponsors.
With Latin America and Asia currently two of the world’s largest remittance-receiving regions (UNDP, 2025; World Bank Data, 2024), Reap’s global expansion will tap on growing opportunities to support businesses to launch and scale with Visa, and be accepted at more than 150 million merchant locations worldwide.
Latin America has 57.7 million crypto users and crypto adoption in the region grew 116% in 2024, which represents a fast-growing user base for stablecoin card issuers and card programs to tap into (Stablecoin Insider, 2025). In Asia there is currently US$2.4 trillion of on-chain stablecoin activity in the region, with corporate transactions surging from less than US$100 million in early 2023 to more than US$3 billion by early 2025 (Circle Forum Singapore), 2025).
“By bringing the efficiency and programmability of stablecoins to regulated card payments, Reap is advancing the future of modern payments to make it seamless, faster, and more accessible for businesses everywhere.” said Daren Guo, Co-Founder, Reap. “Digital payments in the Americas are accelerating, but access to modern financial infrastructure remains uneven, particularly for small and mid-sized businesses looking to go global. As a Visa Principal Member, Reap is providing a single programmable global card issuing solution that enables fintechs and digital platforms to scale and power modern payments.”
Reap’s stablecoin-powered card issuance solution enables cardholders to retain a seamless payment experience, using stablecoins as credit collateral behind the scenes. The same infrastructure lets recipients spend inbound cross-border funds immediately, while reducing reliance on cash payments and bank transfers. It also provides businesses with a single, programmable toolkit for multi-currency accounts, card program management and global disbursements, simplifying supplier payments and payroll.
“Latin America is at the heart of how stablecoins are reshaping cross-border money movement and Reap is the kind of partner pushing modern payments forward in the region,” said Antonia De Souza Silva, Head of Digital Currencies for Visa Latin America and the Caribbean. “They are now in a strong position to bring the speed and programmability of stablecoins to Visa cards accepted at over 150 million merchants worldwide, opening powerful new ways for businesses to scale globally on our network.”
Based on growth projections, Reap expects to reach around a quarter of a million new card users in the market, with its first clients to arrive in Q2 2026. As part of Reap’s global expansion, Mexico will also serve as Reap’s cross-border payments hub for the Americas, from which the company will begin to expand into more markets in the region.
With stablecoins powering modern payments, Reap continues to invest into next generation infrastructure that connects businesses to global markets in a compliant and regulated way. Earlier this year, Reap received its Money Transmitter Registry in Mexico, formally enabling the company to operate localized money transmission services in the country, and holds a Vulnerable Activities Registration for Credit Cards Issuing and a Vulnerable Activities Registration for Virtual Assets in Mexico.
About Reap
Reap is a global technology company building stablecoin-native and payments infrastructure that enables financial connectivity and access for businesses worldwide. Our mission is to transform the financial landscape for efficient money movement, by merging traditional finance with digital assets, bridging disparate economies, and connecting key financial markets.
Reap was an early leader in Asia to incorporate stablecoins into our solutions. In 2025, Reap processed billions in stablecoin-funded transaction flows. From stablecoin-enabled corporate credit cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.
Founded and headquartered in Hong Kong, Reap employs 300 people worldwide.
More information about Reap can be found at reap global.