MasterCard partners with SoFi and Orbi to launch Mexican crypto credit cards soon

New payment options benefit Orbi users

Mexico's Mastercard cryptocurrency card will allow Orbi users to make payments using digital balances. SoFi Tech Solutions announced this partnership with Orbi and Mastercard on October 8, 2026. This report covers details of the project, the roles of each partner and the broader payment context.

Plan details announced on October 8

According to official news, Mexico's Mastercard cryptocurrency card provides Orbi users with two funding options. They can make payments using fiat tender (traditional government-issued currency) or from funds from their balances. The platform converts these balances into fiat currency at the time of purchase. Merchants will still receive legal tender.

announcement are as follows:

• Orbi has become the first customer of SoFi Tech Solutions Mexico's BIN Sponsored Program to focus on cryptocurrency.
• Users will receive physical and virtual cards associated with their balance.
• Consumption and ATM withdrawals occur through the Mexican Domestic Exchange System (MxDS), the network's domestic payment system.
• The platform also supports future uses of stablecoins, including the use of SoFiUSD for remittances.

BIN stands for bank card identification number, which is a number used to identify the card issuer. Stable coins are tokens designed to maintain a stable value and are usually pegged to fiat currencies. The announcement did not provide a specific release date.

Role of all parties in the project

Three companies jointly assumed the work behind the Mexican Mastercard cryptocurrency card. The following table shows the responsibilities of each role described in the announcement:

Roles described in the partner announcement SoFi Tech SolutionsBIN Sponsored , card issuance, transaction authorization, processing and compliance Orbi launched the project to customers, the Mexican financial technology company Mastercard card network, including its domestic exchange system for payments in Mexico, SoFi Tech Solutions (formerly Galileo), said it is a technology company, not a bank. It provides banking services together with partner card issuing banks. This division of labor shows how fintech companies can launch payment products without having to build all the layers.

stablecoin use in Latin America

The announcement cited Bitso's data on regional purchases. In 2025, stablecoins accounted for 40% of their users 'cryptocurrency purchases in Mexico, Argentina, Brazil and Colombia. Bitcoin accounts for 18%. This is the first time that stablecoins have surpassed Bitcoin in this data.

This data comes from only one exchange user and does not describe the entire market. The announcement also pointed out that the country is a major remittance market, that is, a market for cross-border capital transfers.

Executive Comments on Cooperation

CEOs of all three companies commented on Mexico's Mastercard cryptocurrency cards. Kathleen Pierce-Gilmore, president of SoFi Tech Solutions, said the partners aim to provide a trustworthy channel for digital dollars, noting that receiving, holding and consuming are its core uses.

Orbi co-founder Leonardo Perez said the product aims to transform digital dollars into daily purchasing power.

Silvana Hernández is responsible for the network's North American LATAM division. She said the goal is to make the use of digital assets as convenient as traditional payments. She also added that the network supports stablecoin settlement.

Expert Opinion

This project links digital balances to payment networks that merchants have accepted. Merchants receive fiat tender, which limits their direct exposure to price fluctuations. Users still face market risk because the value of the balance may change before conversion.

Mexico's Mastercard cryptocurrency cards also rely on issuing bank partners. The announcement did not mention an expense schedule or a list of supported assets. Readers should wait until official details are released before assessing costs or coverage.

Conclusion

This announcement connects Orbi users to widespread merchant acceptance through SoFi Tech Solutions infrastructure. Using SoFiUSD for stablecoin remittances and payments is seen as a long-term goal. This update enriches cryptocurrency news around payments and fintech.

墨西哥的Mastercard加密货币卡是数字支付的一个早期步骤，并非最终产品。读者可以关注提供商的官方X账号以获取确认后的变更。