Coba & Wallbit Partner to Empower Mexicans with More USD Financial Freedom
Apr 01, 2025 - Financial - Coba and Wallbit have partnered to expand financial access for consumers in Mexico, offering seamless USD accounts, virtual cards, and investment opportunities with up to 4% APY. This collaboration empowers individuals to hold, spend, and grow their dollars effortlessly—while leveraging Coba's trusted infrastructure for fast, low-cost USD-MXN transfers.
AUSTIN & CDMX [March, 4] – Coba, the cross-border fintech simplifying financial operations between the U.S. and Mexico, is excited to announce its exclusive partnership with Wallbit.io, a leading digital finance platform. This collaboration enables current and past Coba users to seamlessly access USD virtual cards, high-yield USD accounts (up to 4% APY), and streamlined USD-MXN transfers—all within minutes.
The U.S.-Mexico corridor, one of the largest and fastest-growing cross-border financial market, continues to face barriers for individuals seeking better USD access, investment opportunities, and seamless currency conversion. Traditional banks have historically overlooked or restricted access to international clients, leaving companies, freelancers, independent professionals, and investors with limited options.
Through this partnership, Coba and Wallbit eliminate those barriers, offering:
- A USD Virtual Card – Spend online and abroad with ease.
- Earn Up to 4% APY – Let your USD work for you.
- A Personal USD Account protected up to $500,000 – Hold and receive USD effortlessly.
- Seamless USD-MXN Transfers – Now including MXN to USD for the first time. Powered by Coba.
“With Wallbit, we are expanding the available services for anyone in Mexico to hold, spend, and save in USD,” said Carlos Medellín, Coba CEO & Co-Founder. “This partnership is a game-changer for individuals who have been underserved by traditional banks, allowing them to finally manage their finances across borders—without friction.”
“We are very excited to start offering international banking services to professionals across Mexico in partnership with Coba. We know this is a demanding market, and we will work together to provide the best possible experience,” said Rodrigo Vidal, CEO and Co-founder of Wallbit.