Rain, a corporate spend management platform for Web3 and digital asset businesses, is transforming payments by bridging the gap between digital assets and fiat currencies.
Together with Paymentology, they’ve introduced physical and virtual Visa credit cards, empowering teams across Latin America and the Caribbean to manage spend seamlessly.
Key outcomes
First-ever
Visa® credit card for Web3, bridging digital assets and payments
Flexible card offerings
Physical and virtual Visa credit cards enable interoperability with fiat currencies
Focus on LAC markets
Plans to expand globally using Paymentology’s API-driven infrastructure
Bridging digital assets and fiat payments
Founded in 2021, Rain has emerged as a leader in corporate spend management for Web3 and digital asset businesses. Designed to meet the unique operational needs of the Web3 sector, Rain enables interoperability between digital assets and fiat currencies, providing worldwide merchant acceptance through Visa.
In partnership with Paymentology, Rain launched the industry’s first digital asset-compatible Visa credit cards, offering real-time transactions by integrating Rain’s on-chain infrastructure with fiat payment rails. Latin America and the Caribbean (LAC), a region where crypto adoption represents 9.1% of global crypto value received, serves as the starting point for this transformative solution.
This focus on LAC is strategic, as the region’s high crypto adoption addresses the financial needs of unbanked and underbanked populations. By bridging the gap between digital assets and fiat, Rain offers businesses the opportunity to scale in emerging markets while enabling greater financial inclusion.
“At Rain, we take immense pride in being the pioneers of a solution that combines on-chain infrastructure and interoperability with fiat rails for the digital asset ecosystem. Our collaboration with Paymentology has enabled us to service some of the largest teams within the Web3 ecosystem. With the support of Paymentology's reliable solutions, we’re excited to offer our solutions to our valued customers,”
Farooq Malik, Co-Founder of Rain
Leading the way with industry-first technology
Paymentology’s cloud-first, API-driven issuer processing platform has been instrumental in Rain’s success. By powering both physical and virtual Visa credit cards, Paymentology enables real-time crypto-to-fiat transactions, making it easier for Web3 teams to spend digital assets at any merchant accepting Visa. Key features include:
- Fiat interoperability: Crypto-to-fiat spending in real-time.
- On-chain integration: Seamless alignment with Rain’s settlement technology.
- Global scalability: API-driven infrastructure ready for international growth.
“With around 70% of Latin America’s population considered unbanked or underbanked, it comes as no surprise that crypto adoption has surged in this region,” shared Alejandro Del Rio, Regional Director for Latam at Paymentology. “We are delighted to achieve this industry-first milestone with Rain, and we look forward to advancing financial solutions in the Latam fintech industry and beyond.”
Expanding beyond Latin America
Rain’s initial focus on the Latin America and Caribbean region is only the beginning. Leveraging Paymentology’s API-driven infrastructure, Rain is set to scale its groundbreaking solution globally, aiming to become the go-to spend management platform for Web3 businesses worldwide. This partnership underscores the transformative power of fintech in driving accessibility and innovation across borders.
