TLDR SoFi Technologies stock drops 1.44% to $15.44 despite its new Mastercard deal. SoFi joins Mastercard and Orbi to introduce crypto-linked payment cards in Mexico. The partnership enables
SoFi Technologies (SOFI) stock fell 1.44% to $15.44 during Thursday’s intraday trading, despite announcing a new Mastercard partnership in Mexico. The shares lost $0.22 but recovered from midday lows near $15.27. Meanwhile, SoFi Tech Solutions partnered with Mexican fintech Orbi and Mastercard to introduce a crypto-linked payment card.
SoFi Tech Solutions announced the partnership on October 8 to expand digital asset payments in Mexico. The program allows Orbi customers to spend traditional money or funds from their cryptocurrency balances. The service converts cryptocurrency into fiat currency during purchases, allowing merchants to receive conventional payments.
The partnership combines SoFi’s financial infrastructure with Mastercard’s payment network and Orbi’s digital financial services. SoFi Tech Solutions will manage card issuing, transaction processing, authorization, and compliance services. Mastercard will provide payment network access to support everyday purchases across participating merchants.
Orbi customers will access their digital assets through physical and virtual Mastercard cards. The cards will also support cash withdrawals through Mastercard’s domestic payment network in Mexico. Furthermore, the Mexico Domestic Switch will connect the program with existing payment infrastructure across the country.
Mexico’s large remittance market provides a commercial opportunity for companies developing digital payment services. Stablecoins offer another way to transfer funds across borders and access dollar-linked digital assets. Consequently, SoFi’s partnership targets customers who want to use cryptocurrency for regular financial transactions.
According to Bitso, stablecoins represented 40% of cryptocurrency purchases across four Latin American markets during 2025. Bitcoin accounted for 18% of purchases across Mexico, Argentina, Brazil, and Colombia. The figures marked the first time stablecoins exceeded Bitcoin in Bitso’s regional purchase data.
SoFi also plans to support additional stablecoin payment services through its financial technology platform. Its SoFiUSD stablecoin forms part of the broader infrastructure supporting the partnership. Furthermore, the companies aim to connect digital asset transactions with established payment systems and cross-border money movement.
SoFi Tech Solutions brings experience from Galileo and Technisys to support its financial technology operations across Latin America. Galileo contributes more than 30 years of payment processing experience, while Technisys provides core banking technology. Together, these capabilities support digital banking, transaction management, lending services, and payment processing.
The platform offers card issuing, real-time payment controls, digital banking services, and fraud management tools. Financial institutions can select individual services or combine several products within their existing operations. SoFi supports money transfers through traditional banking channels and newer digital asset settlement systems.
Nearly 200 clients currently use SoFi Tech Solutions to operate financial products and services. Its infrastructure supports approximately 135 million accounts and has processed billions of transactions. Over the past three years, the platform has also supported money movement totaling trillions of dollars.
Despite the Mastercard announcement, SoFi Technologies shares remained lower during Thursday’s trading session. The partnership expands the company’s presence in Latin America’s developing digital payments market. The session’s stock performance showed that the announcement did not reverse the intraday decline.
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