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Bitso Business uses stablecoins to move money into and out of Latin America, with real-time SPEI and Pix payouts and its own Mexican and Brazilian payment entities.
Bitso Business is ranked in 2 Buckingham Intelligence indices. Its highest score is 2.8 out of 5 (55 out of 100) in the Stablecoin Settlement Index, where it ranks 8 of 14. It is strongest for real-time payouts in Mexico and Brazil, with 5 out of 5 for settlement. Not published or not stated on the pages read: licences, stablecoins and networks, access and protection.
Also ranked in: Global Trade Banking Index (1.8 out of 5, rank 22 of 26).
Scores from the Global Trade Banking Index and Stablecoin Settlement Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For receiving from buyers | 58 | 8 of 14 |
| For paying suppliers | 51 | 9 of 14 |
| For treasury and holding | 57 | 7 of 14 |
No award in the Global Trade Banking Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For importers | 32 | 23 of 26 |
| For exporters | 39 | 22 of 26 |
| For wholesalers and distributors | 33 | 24 of 26 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
Real-time payouts in Mexico and Brazil.
Latin American traders settling on Pix, SPEI and ACH.
What Bitso Business publishes on its own pages, read on 21 October 2026.
Bitso Business uses stablecoins to move money into and out of Latin America, with real-time SPEI and Pix payouts and its own Mexican and Brazilian payment entities. Fees and licence numbers are not published.
| Fact | What the provider publishes |
|---|---|
| Legal status | Mexico: 'NVIO Pagos México, S.A.P.I. de C.V., IFPE ("NVIO México") is authorised and regulated by the Mexican National Banking and Securities Commission (CNBV)'. Brazil: Nvio Brasil Instituição de Pagamento Ltda., 'a Payment Institution regulated by the Central Bank of Brazil'. |
| Licences | Argentina: Nvio Pagos Argentina SAS, Central Bank of Argentina PSPCP. Colombia: Nvio Pagos Colombia in the Superintendencia Financiera sandbox via Banco de Bogotá. Gibraltar: DLT licence from the GFSC. No licence numbers published; no US licence listed. |
| Stablecoins and networks | USDC, MXNB and BRL1 named. Networks not named. |
| Bank rails | SPEI (Mexico), Pix (Brazil), CBU/CVU (Argentina), PSE (Colombia). ACH, wire and SWIFT not mentioned. |
| Fees | No fee schedule. Pages state 'lower fees' and local currency payouts 'without FX markups', without figures. |
| Settlement | 'All the transactions are made in real-time'; 'Execute instant payouts 24/7 via SPEI'; Pix 'Real-time payments'. |
| Access | Pay-ins in Mexico, Brazil, Argentina and Colombia, cross-border from the USA and Europe. 'Developer-first APIs'; dashboard not described. |
| Protection | 'We're audited by a third party'; Coincover 'insurance-backed guarantee that protects almost all of our digital assets'. No figure or named custodian. |
| Date read | 21 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 21 October 2026 from: bitso.com/safety, bitso.com/business/payouts, bitso.com/business/solutions/by-segment, business.bitso.com/en/blog/….
Bitso Business operates through licensed entities in Mexico (Nvio, IFPE), Brazil, Argentina, Colombia and Gibraltar, moving $6.7 billion in 2024 for 1,900 or more clients. It holds USD, EUR, BRL, COP, MXN and ARS with local rails in six Latin American countries and issues the MXNB and BRL1 stablecoins. Fees, FX and eligibility are quoted after a preliminary assessment and not published.
| Fact | What the provider publishes |
|---|---|
| Account fee | Not published |
| FX margin | Not published |
| Receiving | USD, EUR, BRL, COP, MXN, ARS; Pix, SPEI and ACH |
| Paying suppliers | Fees not published |
| Stablecoins | USDC, USDT and its own MXNB and BRL1 |
| Finance | None |
| Onboarding | After a preliminary assessment; countries not published |
| Protection | Licensed per country; no deposit scheme stated |
| Date read | 21 October 2026 |
Who can open an account, by country of registration
| Country | Published position |
|---|---|
| United Kingdom | Not published |
| United States | Not published |
| Mexico | Yes |
| Brazil | Yes |
| Colombia | Yes |
| Hong Kong | Not published |
| China | Not published |
| Türkiye | Not published |
| UAE | Not published |
| Nigeria | Not published |
| Pakistan | Not published |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 21 October 2026 from: bitso.com/business, bitso.com/business/products/…, bitso.com/business/solutions/…, bitso.com/business/solutions/local-payments, bitso.com/business/about, business.bitso.com/en/blog/….
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Stablecoin Settlement Index. 0 means not offered or not published. How it is scored
Each criterion is scored 0 to 5 against the best published offer in the Global Trade Banking Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Circle Mint | 4.0 | 1 of 14 | Minting and redeeming USDC at scale |
| Bridge | 3.7 | 2 of 14 | Moving between stablecoins and local bank rails |
| Brale | 3.6 | 3 of 14 | US businesses wanting a full public price list |
| BVNK | 3.4 | 4 of 14 | Businesses needing US, EU and UK rails together |
| Paxos | 3.3 | 5 of 14 | Fee-free minting of USDG and PYUSD |
| Stripe | 3.1 | 6 of 14 | Taking stablecoin payments at checkout |
| Ramp | 3.0 | 7 of 14 | US firms paying suppliers in stablecoins at no fee |
| Conduit | 2.5 | 9 of 14 | Emerging market firms needing USD accounts and payouts |
| Reap | 2.4 | 10 of 14 | Asian firms paying suppliers from USDC or USDT |
| MoonPay Enterprise | 2.0 | 11 of 14 | Platforms paying out stablecoins as local fiat |
| Revolut Business | 1.9 | 12 of 14 | Firms already banking with Revolut |
| Coinbase Business | 1.9 | 13 of 14 | US and Singapore firms invoicing in USDC |
| Triple-A | 1.1 | 14 of 14 | Merchants in Asia and Europe settling to IBAN |
Full Stablecoin Settlement Index ranking
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Wise Business | 3.8 | 1 of 26 | Transparent FX and receiving in 22 currencies |
| WorldFirst | 3.5 | 2 of 26 | Importers paying Asian suppliers, no account fees |
| Airwallex | 3.5 | 3 of 26 | Free local supplier payments to 120+ countries |
| Statrys | 3.1 | 4 of 26 | Hong Kong, Singapore and BVI companies trading with Asia |
| XTransfer | 3.1 | 5 of 26 | Trade with China and emerging-market collection |
| Aspire | 3.0 | 6 of 26 | Singapore, Hong Kong and US-nexus companies trading in Asia |
| Currenxie | 3.0 | 7 of 26 | Asian and Mexican traders collecting in nine currencies |
| Payoneer | 3.0 | 8 of 26 | Marketplace sellers and exporters in 190+ countries |
| Mercury | 2.8 | 9 of 26 | US-registered companies with founders abroad |
| Ebury | 2.8 | 10 of 26 | Mid-size traders needing supplier finance with their FX |
| Verto | 2.7 | 11 of 26 | African exporters collecting in NGN, KES and ZAR |
| 3S Money | 2.7 | 12 of 26 | Non-resident companies from 190+ countries wanting UK and EU IBANs |
| Slash | 2.5 | 13 of 26 | Non-US wholesalers spending in dollars and receiving USDT |
| Revolut Business | 2.5 | 14 of 26 | UK, EEA and US companies wanting cards and FX allowances |
| Shield | 2.5 | 15 of 26 | Wholesalers in Latin America paid in USDT |
| OFX | 2.4 | 16 of 26 | FX-heavy traders wanting a dealer on the phone |
| Tazapay | 2.4 | 17 of 26 | Exporters collecting from buyers in 85+ markets |
| Wio Bank | 2.4 | 18 of 26 | UAE trade licence holders wanting a bank with lending |
| HSBC UK | 2.3 | 19 of 26 | UK traders needing letters of credit and trade finance |
| iBanFirst | 2.0 | 20 of 26 | EEA and UK companies exchanging €200,000 or more a year |
| Conduit | 1.9 | 21 of 26 | Companies in 100+ countries settling trade in stablecoins |
| Flutterwave | 1.7 | 23 of 26 | African exporters receiving USD, GBP, EUR and AED |
| Equals Money | 1.7 | 24 of 26 | UK businesses wanting cards and 40 currencies in one account |
| Moneycorp | 1.7 | 25 of 26 | UK and Irish traders wanting dealer-led FX |
| Nium | 1.6 | 26 of 26 | Platforms and fintechs embedding payouts, not yet small traders |
Side by side on every criterion, fact and award.
Head-to-head comparisons cover pairs within the top five of each ranking. Bitso Business is compared with its alternatives in the table above.
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