SoFi Tech Solutions will provide BIN sponsorship and processing for the Mexican card, which converts crypto balances to fiat at the point of sale.
Mexican fintech Orbi will issue a crypto-linked card on the Mastercard network through SoFi Tech Solutions’ BIN sponsorship programme, the three companies said in a joint announcement.
The card will let Orbi customers pay from either a traditional fiat balance or their crypto holdings, with crypto converted at the time of purchase so merchants receive fiat.
Orbi will offer both physical and virtual cards, and the programme will run on SoFi Tech Solutions’ connection to Mastercard’s domestic payment network in Mexico, the Mexico Domestic Switch (MxDS), which will support card purchases and ATM cash withdrawals.
SoFi Tech Solutions, the new name for Galileo Financial Technologies, will supply the BIN sponsorship and the infrastructure behind the programme, including issuing, transaction authorisation, processing and compliance. Orbi is the first crypto-focused client to issue cards through the firm’s Mastercard BIN sponsorship programme in Mexico.
“The Orbi Mastercard is the result of our collaboration with SoFi Tech Solutions and Mastercard, a partnership that has continued to deepen since our earliest days,” said Leonardo Perez, Co-founder of Orbi.
The company is building a product that gives people in Mexico a familiar way to use digital dollars wherever Mastercard is accepted, he added.
SoFi stablecoin settlement and remittances to follow
The partners said the card programme will also support future stablecoin use cases, including remittances and payments using SoFiUSD, SoFi’s own stablecoin.
“Mexico is one of the world’s largest remittance markets, and stablecoins are becoming an increasingly important way to move money across its borders,” said Kathleen Pierce-Gilmore, President of SoFi Tech Solutions.
The partnership gives people in Mexico a trusted way to receive, hold and spend digital dollars while “laying the foundation for stablecoin-powered payments and cross-border money movement at scale,” she said.
Silvana Hernández, North Division President for Mastercard LATAM, said the three companies are “enabling stablecoin settlement” while connecting digital assets to payment experiences people already use.
Digital assets are becoming a larger part of how people hold and move money, she said, and the task is to make them as easy and trusted to use as traditional payments.
The announcement cited data from Mexican crypto exchange Bitso showing stablecoins accounted for 40% of crypto purchases among its users in Mexico, Argentina, Brazil and Colombia in 2025, against 18% for bitcoin. 2025 was the first year stablecoins overtook bitcoin in Bitso’s regional purchase data, according to the figures.
Galileo rebrand brings SoFi name to Latin America
The deal is among the first announced under the SoFi Tech Solutions name, which replaces the Galileo brand for SoFi’s business-to-business technology division.
The company said it combines Galileo’s more than 30 years of payments and processing experience with the core banking technology of Technisys and SoFi’s own record operating digital financial services in the United States.
Its platform covers issuer processing for debit, credit and prepaid cards, including tokenisation and push provisioning; money movement via ACH, wires, real-time payments, card rails and digital asset settlement; core banking and ledger services; digital banking tools; lending technology; and fraud and risk controls.
Clients can use the services separately or in combination, the company said.
