May. 27, 2026
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.
