Card issuing · Latin America

Does Rain work in Mexico?

Partly.

Rain is limited for businesses registered in Mexico: access is invite-only, in beta, restricted to part of the product set, or limited in what can be sent or received.

Limited

Source: Rain cards ↗

What a business in Mexico can use

Rain’s products, for a company incorporated in Mexico.

Accept paymentsNot offered

Rain does not offer this.

Pay people abroadNot offered

Rain does not offer this.

Multi-currency accountNot offered

Rain does not offer this.

Business cardsLimited

Virtual and physical cards funded from stablecoin balances, for consumers or businesses, with issuing, processing and program management under one contract.

StablecoinsLimited

Cards settle in USDC, and users can spend from custodial or self-custodial wallets on major chains.

Yield on idle cashNot offered

Rain does not offer this.

Rain issues as a principal card network member, without a sponsor bank, and reports card programs in 100+ countries. Whether a program can launch depends on where the company and its cardholders are.

Onboarding confidence: low. Source: Rain cards. Everything about Rain

Alternatives in Mexico

Other providers that serve businesses registered there.

Accept payments

Adyen dLocal Payoneer PayPal Stripe Airwallexlimited BVNKlimited Wise Businesslimited

Pay people abroad

Adyen dLocal Payoneer PayPal Stripe Airwallexlimited Bridgelimited BVNKlimited Wise Businesslimited

Multi-currency account

Payoneer PayPal Stripe Airwallexlimited Bridgelimited BVNKlimited Wise Businesslimited

Business cards

Payoneer Airwallexlimited Bridgelimited Wise Businesslimited

Stablecoins

Stripe Bridgelimited BVNKlimited

Yield on idle cash

Bridgelimited BVNKlimited

Selling to Mexico

How people there prefer to pay online.

1Cards with installments (MSI)
2OXXO cash
3SPEI bank transfer
4Mercado Pago

Stablecoin rules in Mexico

High riskRestricted

Using stablecoins to pay is banned or tightly restricted.

Rain’s stablecoin products are available to businesses here.

Everything about 🇲🇽 Mexico →

Common questions

Does Rain work in Mexico?

Partly. Rain is limited for businesses registered in Mexico: access is invite-only, in beta, restricted to part of the product set, or limited in what can be sent or received.

Which Rain products can a business in Mexico use?

business cards and stablecoins, with limits.

What are the alternatives to Rain in Mexico?

Providers that onboard businesses registered in Mexico: Stripe, Adyen, PayPal, Payoneer and dLocal. With limits: Airwallex, Wise Business, Bridge and BVNK.

Can a business in Mexico use Rain for stablecoins?

Yes, according to our data. Stablecoin rules in Mexico: Restricted (high risk). Banks and fintechs need central bank approval to offer crypto to customers, which is rarely granted. Stablecoins circulate mainly through exchanges and peer-to-peer.