Nexo launches a card in Argentina with Pomelo issuing and processing infrastructure

Nexo has launched its new card in Argentina in partnership with Pomelo, using Pomelo’s card issuing, processing and management infrastructure. For PSPs and fintech operators in high-risk verticals, the point is simple: this is another example of a global crypto platform localising its payments product without building the stack from scratch.

1. Nexo, described in the source as a global leader in digital assets, has rolled out the card in Argentina through a long-running relationship with the team now operating as Nexo Argentina. The company says it decided to deepen that partnership to build a local card proposition with global reach and an experience tailored to the Argentine market.
2. The card is built as a dual debit-credit product. Users can switch from the same card powered by Pomelo between using digital assets directly in debit mode or using them as collateral in credit mode, without selling them, all through a single interface.
3. The launch also includes cashback for users, along with what the company describes as a simple, secure payment experience aligned with the expectations of crypto users. The card design is intended to reflect Nexo’s global brand identity.
4. Andrés Ondarra, General Manager of Nexo Argentina, said: “More than ten years ago, Argentines incorporated digital assets into their everyday financial life. The Nexo Card proposal is simple: each person should use their digital assets in the way that suits them best. Together with Pomelo, we found the infrastructure and flexibility needed to turn that vision into a concrete experience for our customers.”
5. Pomelo framed the deal as part of a broader pattern in Latin America: global companies looking to launch financial products locally with speed and flexibility, backed by infrastructure built to scale. For issuers and PSPs, that is the practical takeaway here — distribution may be global, but the card program still needs local rails, local execution and a partner that can move quickly.