Aplazo Partners with Mastercard and Galileo

March 17, 2022

Follow Galileo
Follow Galileo LatAm

Aplazo, the first omnichannel buy now, pay later (BNPL) platform in Mexico, today announced that it has partnered with Mastercard and Galileo Financial Technologies to launch Latin America’s first-of-its-kind virtual card solution.

This virtual card brings secure digital payments to the region, providing a seamless payment journey to customers that enables the convenience of BNPL (installment) payments and the capacity to shop anywhere. Aplazo’s BNPL virtual card provides an easy way to utilize credit, allowing users to pay in installments only by linking their existing bank account or debit card to their Aplazo APP.

Once users create an account at aplazo.mx and have their credit approved, the virtual card is activated and can be used with all online retailers in Mastercard’s network. Unlike traditional entities, Aplazo approves virtual cards in record time to allow customers instant access and the ability to purchase goods on-demand, with the convenience of paying for them over time with no hidden fees.

Cardholders also have access to Mastercard’s customer support capabilities. Aplazo leverages Galileo’s powerful financial technology platform and flexible APIs to offer the solution. As the digital payment landscape evolves, Millennial and Gen Z consumers will play a key role in the growth of BNPL solutions in Latin America.

Aplazo is reducing the barrier to entry to credit access for these groups which will ultimately drive the economy forward in this important region with the simplest and most transparent credit option. “We’re thrilled to partner with Mastercard to deliver a unique, convenient payment system and experience to customers in Latin America who have historically faced significant challenges gaining access to credit,” said Angel Peña, CEO and Founder of Aplazo.

“This first-of-its-kind offering underscores Aplazo’s unique offering and ability to scale, and we look forward to continuing to empower Latin American consumers across the region.” “We are delighted to work with partners like Aplazo who share our mission of bringing more people into the digital economy,” said Pablo Cuarón, Vice President of Business Development Fintech and Enablers at Mastercard.

“Through Mastercard Developers, Aplazo gains access to our APIs, solutions, partners and programs through a single point of entry, helping them to build their business at a fast pace.”

Enjoy our Insights?

Recent Posts

August 8, 2023

Galileo’s AI-Driven Intelligent Digital Assistant Cyberbank Konecta Enhances SoFi Member Experience

SoFi has integrated Cyberbank Konecta into its existing tech stack, increasing member satisfaction and improving inquiry response time by more than 65%.

See More
July 31, 2023

Another Strong Quarter for SoFi Technology Platform, CEO Noto Projects More Growth Ahead

SoFi’s technology platform, which comprises Galileo Financial Technologies and the Technisys cloud-based core banking services platform, saw net revenue and total enabled accounts maintain robust growth during the second quarter of 2023.

See More
June 13, 2023

Galileo Financial Technologies Partners with Plata Card to Support Credit Card Payments

Galileo Financial Technologies partners with Plata Card to revolutionize credit card payments in Mexico, driving financial inclusion and innovation. Discover the future of seamless transactions.

See More
May 18, 2023

Galileo Financial Technologies Joins AWS Marketplace

Galileo furthers commitment in offering innovative, accessible financial technology solutions, now listed on AWS Marketplace.

See More
October 18, 2022

T. Rowe Price Introduces Emergency Savings App to Financial Wellness Offering

'Waysaver' provides an automatic solution for employers to address a key barrier to employee retirement readiness – unanticipated financial demands.

See More