Payments technology leader significantly invests in market innovation, expands client base and team in Latin America
Galileo, the API standard for card issuing and digital banking and a leading technology platform subsidiary of Social Finance, Inc. (SoFi), today announced the opening of a Latin America headquarters and innovation center in the iconic Torre Reforma building in Mexico City. The move follows the incorporation of Galileo’s Mexican subsidiary and the initial opening of its first office outside the U.S. in Mexico City last year. It reinforces the company’s strategic commitment and exponential growth in Latin America, as well as strong market reception for innovative payment solutions in the region. This expanded presence will enable Galileo to serve strategic markets across Latin America in-market and in-language, and co-innovate with dynamic technology firms to bring differentiated products and services to their clients.
Galileo was the first payments processor to secure certification with the Mastercard Mexico Domestic Switch (MxDS) and first to launch as part of Mastercard’s Fintech Accelerate program in Mexico. Today, Galileo powers leading fintechs in Mexico, and the company is a key innovator in the growing Latin America payments tech industry. Galileo’s payment technology can benefit fintechs, banks and partners seeking an agile platform to enable digital commerce and digital financial services. Leading companies, like Klar which has grown 6x in the last year and now has 200,000 active accounts, utilize Galileo’s robust APIs to power their digital finance offerings.
“As Galileo and Mexico’s fintech industry continue to grow, we recognized the need to expand our physical presence and in-country support to provide world-class solutions for our clients,” said Tory Jackson, Head of Business Development and Strategy, Latin America for Galileo. “Galileo was founded with a focus on financial inclusion, and we are proud to partner with innovators to advance financial inclusion and digital transformation in Latin America. Since last year’s first office opening, Mexico City has proven to be an amazing home for Galileo, and this new office solidifies our commitment to supporting the fintech industry in Mexico and LATAM.”
“At Mastercard we strongly believe that supporting the entry of new players to the industry will help solve unmet consumer needs and will promote financial inclusion, while raising the quality of services offered into the market,” said Carlos Pacheco, Vice President of Market Development for Mastercard Mexico & Central America. “We are committed therefore to work alongside Galileo to continue to promote digital transformation in the market.”
Galileo’s Mexican subsidiary’s world-class office in the landmark, 57-story Torre Reforma building in Mexico City’s cultural, historical and financial district will serve as a headquarters for the technology innovator’s rapidly expanding team. It will initially be hiring about 25 new team members across Engineering, Payment Technology, Product Innovation, Client Success and Operations with capacity for about 55 team members. The award-winning, earthquake-resistant, LEED Platinum-certified building is among the tallest in Mexico City, and home to other global organizations such as SC Johnson, ExxonMobil, Hitachi and many others. These Mexico City-based team members will join the leading and fast-growing company’s teams distributed principally across offices in Salt Lake City, New York City, Seattle and San Francisco.
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O Impulso da Primavera: Novo Índice de Gastos com Débito da Galileo Mostra os Gastos do 1º Trimestre e as Perspectivas para o Ano
Os consumidores americanos gastaram com cautela no débito durante janeiro e início de fevereiro, antes que as restituições de impostos antecipadas e o clima de primavera desencadeassem um aumento de gastos em março, de acordo com o Índice de Gastos com Cartão de Débito da Galileo (Galileo Debit Spend Index) inaugural.
Por que o avanço dos cartões de débito da Geração Z está reduzindo os lucros dos cartões de crédito
Para pessoas preocupadas com a economia e enfrentando questões de acessibilidade financeira, uma opção pode ser deixar de lado o cartão de crédito com altas taxas de juros e optar por um cartão de débito confiável. Para descobrir as últimas tendências em cartões de débito, a CardRates conversou recentemente com Paul Dunning, Vice-Presidente de Desenvolvimento de Negócios da Galileo Financial Technologies, uma fintech pertencente à SoFi. Ele explicou por que os consumidores da Geração Z estão migrando para cartões de débito e esperando recompensas, o forte apelo das recompensas em débito e a atratividade dos cartões de débito para o consumidor que prioriza o débito.
Metade dos consumidores escolheu uma marca em vez de outra porque pagar ou receber reembolso era mais fácil
A demanda dos consumidores por serviços financeiros integrados em aplicativos de marcas está superando a capacidade das empresas de entregá-los, e a maioria dos executivos reconhece essa lacuna. Uma nova pesquisa da Galileo Financial Technologies, que em breve se tornará SoFi Technology Solutions, revelou que 80% dos executivos de marcas afirmam planejar lançar serviços financeiros integrados, mas apenas 20% já o fizeram até agora. O Relatório de Pesquisa Galileo Integrated Financial Services 2026, baseado em pesquisas com mais de 2.000 consumidores dos EUA e 150 executivos seniores, mostra que, embora os consumidores já utilizem funcionalidades como cartões salvos, recompensas e reembolsos instantâneos dentro de aplicativos de marcas, a maioria das empresas ainda não lançou essas capacidades.
Executivos de marcas temem perder clientes para concorrentes com ferramentas financeiras integradas em aplicativos, aponta pesquisa da Galileo
Metade dos consumidores escolheu uma marca em vez de outra porque pagar ou receber um reembolso era mais fácil
Apresentando a SoFi Tech Solutions: uma marca unificada criada para impulsionar a inovação financeira de ponta a ponta
Estamos evoluindo de Galileo para SoFi Tech Solutions para refletir todo o alcance da nossa plataforma. Oferecemos infraestrutura de ponta a ponta para fintechs, marcas e instituições financeiras, agora com o suporte da escala e dos recursos da SoFi. Nossa missão permanece a mesma: apoiar o crescimento dos nossos clientes, mantendo a neutralidade da plataforma e a proteção rigorosa dos dados.
