Reap Expands Into the Americas With Money Transmitter Registry in Mexico

Reap, a global cross border payments technology company, today announced its expansion into the Americas on the back of a major regulatory milestone, having obtained a Money Transmitter Registry in Mexico, formally enabling the company to operate localized money transmission services in the country.

The authorization marks Reap’s official entry into the Mexican market and signals the beginning of the company’s expansion across the Americas. Reap also holds a Vulnerable Activities Registration for Credit Cards Issuing and a Vulnerable Activities Registration for Virtual Assets in Mexico.

This announcement comes at a pivotal time for Mexico’s financial landscape. The country has emerged as a leading market for virtual asset adoption in Latin America, with stablecoin usage experiencing significant growth as businesses seek alternatives to traditional banking infrastructure.

In Latin America, (including Mexico) 86% of firms reported already having partnerships in place to support stablecoin integration, 71% said their infrastructure (wallets/APIs) are ready for stablecoin use (Execution in Motion: How Latin America is Leading Stablecoin Adoption, Fireblocks 2025). The registry allows Reap to operate within Mexico’s regulatory framework to strengthen connectivity across the Asia-Latin America trade corridor, facilitating seamless cross-border transactions and enabling businesses in both regions to access new markets with localized payment solutions.

“Obtaining the Registry as a Money Transmitter in Mexico represents a significant milestone for Reap as we expand into the Americas,” said Daren Guo, Co-Founder, Reap. “While many see Mexico primarily as a sales destination, we view the market as a strategic financial and operational hub. Our approach to scaling our business is global with a local-first mindset, and to hire the best talent in the country. We’re committed to having a fully local team, deepening our investment in Mexico, and plan to consider relocating part of our global operations here. In expanding into the Asia-Latin America corridor, we believe that stablecoins will become powerful enablers for trade finance. We want to offer financial operations infrastructure that empowers the next generation of virtual assets and fintech platforms to scale seamlessly across borders.”

These capabilities are part of Reap’s long-term commitment to building practical, compliant payment infrastructure tailored to the needs of Mexican businesses operating across borders.

Jan Heinvirta, Country Manager, Mexico added, “Mexico is a strategic market for Reap, and we’re witnessing tremendous interest in virtual assets from businesses looking to optimize their treasury operations and cross-border payments.

The Money Transmitter Registry enhances our ability to serve businesses that need efficient, compliant money movement capabilities and we are excited to become a key enabler of tech and payments innovation throughout the region.”

In 2025, Reap grew 3X (200%) year-on-year in both revenue and volumes. Reap has established local teams across Latin America, including in Mexico, Brazil, and Colombia, with plans to hire more.

Reap’s full platform offering includes Reap Direct, a platform operating across fiat and stablecoin infrastructure that integrates corporate cards, cross-border payments, and expense management with built-in controls; a Card Issuance platform enabling businesses to launch white-labeled credit cards through an API-first system; and a payment API that provides plug-and-play infrastructure for automating cross-border payouts at scale, streamlining currency conversion and accelerating global money movement.

Reap is also committed to collaborating with Mexico’s financial ecosystem and is working closely with local partners to deliver comprehensive payment solutions. Reap has already partnered with players like Rio, and joined forces with Monato to directly tap into Mexico’s local transfer and real-time payment networks, significantly enhancing its overall market infrastructure.