English
GALILEO LAUNCHES BNPL POST-PURCHASE FOR CREDIT & DEBIT

Galileo Launches BNPL Post-Purchase for Credit & Debit

March 19, 2024

SALT LAKE CITY, Mar. 19, 2024 – Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), announced today an expansion of its Buy Now, Pay Later offering that allows banks and fintechs to offer cardholders new post-purchase installment payment options via their existing debit or credit card account. 

In addition to its Galileo Buy Now, Pay Later (BNPL) pre-purchase offering, the new API-enabled BNPL post-purchase offering is built for banks and fintechs looking to seamlessly deliver their customers a more flexible financing opportunity. It supports repayment options for both existing debit and credit programs within established financial relationships.  

BNPL is forecasted to surpass 900 million global users by 2027, presenting a tremendous market opportunity for banks and fintechs. 

“This new offering bridges the gap between cards and loans and allows banks and fintechs to establish and deepen customer relationships with innovative, flexible financing options for both credit and debit customers,” said David Feuer, Chief Product Officer at Galileo. “By expanding pay over time opportunities, post-purchase financing is ushering in a new era of responsible lending.” 

Post-purchase BNPL has key benefits for banks, fintechs and their customers: 

  • Market differentiation: FIs and fintechs can add value to their debit and credit programs with a flexible, transparent financing model. 

  • Entry point into lending: Galileo's post-purchase BNPL service provides a streamlined path for fintechs that are currently only in the deposit space to enter the lending space.  

  • Drives incremental revenue: FIs and fintechs can tap into additional revenue through installment fees.  

  • Financial access: Post-purchase BNPL financing previously exclusive to credit accounts can be extended to debit accounts. 

  • Transparent payment terms: Unlike with traditional credit card interest, post-purchase BNPL with installment fees gives consumers the benefit of seeing the total cost associated with each purchase before committing. 

  • Flexible financing: Post-purchase BNPL transforms conventional debit into a dynamic financial tool, offering the flexibility to responsibly and efficiently manage money. 

“Enhancing the accessibility of payment options is a fundamental aspect of our commitment to promoting financial inclusion... with that in mind, one of the major perks of the post-purchase BNPL offering is that it works across all merchants where credit and debit cards are accepted today.”
David Feuer
Chief Product Officer at Galileo

For more information on the post-purchase BNPL offering, visit docs.galileo-ft.com/pro/docs/about-galileo-buy-now-pay-later-post-purchase.

July 30, 2025

SoFi Tech Platform Drives Revenue Growth, Expands Beyond Financial Services in Q2

SoFi's Technology Platform segment achieved strong 15 percent revenue growth, expanded into new sectors, and powered innovation across the company in Q2.

See More
July 15, 2025

Galileo Drives SoFi's Seamless Fintech Integration and Expansion

Since acquiring Galileo Financial Technologies in 2020, SoFi Technologies, Inc. SOFI has deepened its fintech infrastructure by integrating Galileo’s payment processing and tech capabilities across its growing suite of offerings.

See More
July 15, 2025

Modern Banking Starts With Mindset Before Tech

Despite massive investments in digital transformation, a persistent gap between operational stability and forward-looking innovation continues to stall progress.

See More
July 15, 2025

Subscription Economy Projected To Hit $1.2 Trillion by 2030

Many consumers may feel overwhelmed by their subscriptions, but that doesn’t seem to be stopping the practice from growing. According to a report released Monday by London-based Juniper Research, the subscription economy will nearly double in the next five years to US$1.2 trillion, from $722.5 billion in 2025.

See More
July 15, 2025

Are You Rewarding The Right Customers? Here's How To Close The Loyalty Gap

Consumer needs have outpaced the financial solutions built to serve them. Most Americans use debit as a primary payment method—more than 90% of U.S. adults have a debit card—but they're not getting rewarded for their spend or brand loyalty.

See More