header icon
Solutions
header icon
Products
header icon
Platform
header icon
Developers
header icon
Company
English
English
ARGENTINE FINTECH UALÁ EXPANDS INTO MEXICO: POWERED BY GALILEO

Argentine Fintech Ualá Expands into Mexico: Powered by Galileo

November 17, 2020

Galileo’s API suite facilitates bringing financial services to all

Galileo, the financial technology company that powers many of the world’s leading fintechs, announced today it is powering an important cross-border initiative for Ualá, the fintech that leads the revolution of personal finances in Latin America. Galileo has partnered with Ualá to enable the company’s expansion into Mexico.

Founded by Buenos Aires-native and Harvard graduate Pierpaolo Barbieri, Ualá is improving financial inclusion in Latin America and bringing financial services into the 21st century. Ualá’s feature product is an app and a debit card that enables users to transfer money, pay bills and shop anywhere in the world 100 percent digitally. Since its launch in 2017, Ualá has issued 2.5 million cards in Argentina, a number equivalent to almost 6 percent of the country’s population.

Ualá recently announced its launch into Mexico, marking the company’s first expansion outside Argentina. Ualá provides a mobile app, linked to a digital account, and an international debit card with no issue, renewal or maintenance costs. Available throughout Mexico, for anyone over 18, in iOS and Android, the Ualá card can be topped up through SPEI transfers or cash deposits in more than 14,000 stores nationwide and used to make purchases using contactless, chip and offline PIN technology. In addition, the Ualá account enables customers to safely and easily conduct transactions, such as transferring and receiving money, and withdrawing cash from ATMs.

Ualá’s expansion into Mexico was made possible through its partnership with Galileo, a global payment processing platform that powers world-leading fintechs by providing access to its world-class suite of APIs. Galileo is directly connected to Mastercard MX to support real-time authorization for Ualá transactions and provides backend processing services for Ualá.

“Ualá has received global recognition and investment from some of the world’s biggest investors for good reason,” said Galileo In-Country Manager for Mexico Tory Jackson. “The company has revolutionized financial services in Argentina, and Galileo is honored to help facilitate Ualá’s expansion into Mexico. With Galileo providing processing services, Ualá can focus on what it does best: innovative payments and creating a financially inclusive environment for all.”

“Making personal finances more innovative, more accessible and more inclusive in Latin America is our dream. Mexico is a huge step forward for our company, and as Ualá embarks on this new journey, we are privileged to have an established partner like Galileo providing the processing services and expertise we need to support this international growth,” said Andrea Arrebola, head of payments of Ualá.

November 8, 2023

Product Uptake and Interest from FIs Powers Strong Q3

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 growth during the third quarter of 2023.

See More
October 19, 2023

Galileo Payment Risk Platform Now Available to the Entire Financial Services Ecosystem

Companies outside of Galileo’s ecosystem can now leverage the proactive risk-scoring fraud engine and reduce payment and payment-related fraud.

See More
October 17, 2023

Introducing Corporate Credit for B2B Expense Management

Galileo Corporate Credit solution consolidates credit limits to deliver better spend visibility, and remove accounting complexities.

See More
October 10, 2023

Galileo First to Attain Multi-market Mastercard Certification in Latin America

Galileo announces Mastercard certification in five new Latin American countries, further solidifying commitment to accelerate digital transformation across region.

See More
October 5, 2023

Galileo Expands Buy Now, Pay Later Offering to Help Lenders Reach SMBs

Banks and fintechs working with Galileo can now provide responsible, intelligent installment financing options for SMBs seeking more flexibility for big purchases.

See More