WASHINGTON, D.C. – The Financial Technology Association (FTA) today welcomed Rain, a new member company that provides stablecoin-powered cards and payments infrastructure for the future of finance. Rain joins FTA’s ecosystem of global financial technology firms that power innovative, digitally native tools to help Americans spend, save, manage, and invest money with confidence.
“We are proud to add Rain to our community of fintech innovators, bringing digital-first, 24/7/365 payments solutions to market,” said Penny Lee, President and CEO of the Financial Technology Association. “Rain joins FTA at an exciting moment for the fintech industry as stablecoin adoption increases and breakthroughs in payments technology are driving economic growth and consumer benefits.”
“We are thrilled to join FTA and take part in this community of industry leaders,” said Farooq Malik, CEO and Co-founder of Rain. “Onchain technologies, like stablecoins, are transforming global payments, and we look forward to working with FTA to shape policies that support this next wave of innovation.”
Rain’s developer-friendly infrastructure delivers compliant solutions that help banks, fintechs, and other platforms launch, run, and scale digitally native payment programs. That includes on-and-off ramps for converting fiat to stablecoins, custodial and non-custodial wallets, physical and virtual cards, integrated perks and rewards, and orchestration layers for exchanging value between parties. At a time when legacy payment rails still anchor the majority of transactions, Rain is providing companies with a modern, easy-to-use, and compliant solution for launching payment solutions to 2.5 billion-plus consumers. Rain-issued cards also work anywhere Visa is accepted, offering global reach, simplicity, and connectivity.
FTA represents leading payment companies providing secure, innovative, and low-cost solutions for the digital age. FTA advocates for modernized policies and regulations to ensure the U.S. remains the home of financial innovation, including updating the national payments infrastructure to increase access and lower costs for digitally native consumers and businesses. To learn more, visit FTAssociation.org.
About Rain
Rain is the global stablecoin infrastructure platform for enterprises, neobanks, platforms, and developers. Our technology allows partners to move, store, and use stablecoins instantly and compliantly through global payment cards, on/off-ramps, wallets, and cross-border rails. As a Visa Principal Member, Rain issues cards that work anywhere Visa is accepted, powering millions of purchases in over 150 countries. Built natively for stablecoins and trusted by more than 175 organizations worldwide, Rain delivers secure, scalable infrastructure that makes money move freely and instantly around the world.
About FTA
The Financial Technology Association (FTA) is a network of fintech leaders shaping the future of finance. We champion the power of technology-driven financial services to catalyze innovation and advocate for modernized policies and regulations that reflect the digital transformation.