We’re proud to be included in the Fintech Power 50’s class of 2020 and now in its second annual industry guide. Of course, we encourage you to read “New Horizons”, an article contributed by our CEO Clay Wilkes. (Take a look at our ad on page 4, too!). But, we also encourage you to review the rest of the rich content submitted by other members of the Fintech Power 50 and leading industry influencers. These include the Emerging Payments Association’s Director General Tony Craddock, the “Finanser” Chris Skinner, payments gurus David Parker and Jim Marous, and fintech mentor Dr. Ruth Wandhöfer.
Their predictions and views will intrigue and inform you, and it’s interesting that—although writing independently—the importance of data is a pervasive theme. And, don’t miss Chris Skinner’s article, which opens with the LOL-worthy line: “Data isn’t the new oil; it’s air.” 2020 is off to a great start at Galileo and we’re delighted to be included among the most influential, innovative companies and powerful figures within the fintech industry.
To learn more, please contact us!
US debit spenders increased travel, dining spending this spring despite headwinds
US debit cardholders spent more on dining and travel as the weather warmed, boosted in part by tax refund season, per Galileo’s Q1 2026 Debit Spend Index. Dining and fast food transactions grew 18% over the quarter. Debit travel spending value surged 37%, outstripping transaction volume growth by 15 percentage points. This indicates that consumers are spending more per booking through add-ons like experiences, longer trips, and the impact of rising jet fuel passed along to consumers. That could intensify after the elimination of super-low cost carrier Spirit keeping fares competitive. (Read the full article [here](https://docs.google.com/document/d/1j_3bROViUajR8-H4cX2yfZQwXzgmglzK33BtcM0yhjQ/edit?usp=sharing).)
The Spring Surge: New Galileo Debit Spend Index Charts Q1 Spend and the Year Ahead
American consumers spent cautiously on debit through January and early February before early tax refunds and spring weather sparked a March spending surge, according to the inaugural Galileo Debit Spend Index.
Why Gen Z’s Debit Card Push is Eating Into Credit Card Profits
For people worried about the economy and dealing with affordability issues, one option could be to tuck that high interest rate credit card aside and reach for a trusty debit card instead. To uncover the latest debit card trends, CardRates recently sat down with Paul Dunning, Vice President of Business Development at Galileo Financial Technologies, a fintech firm owned by SoFi. He explained why Gen Z consumers are turning to debit cards and expecting rewards, the compelling case for debit card rewards, and the appeal of debit cards for the debit-first consumer.
Half of Consumers Have Chosen One Brand Over Another Because Paying or Getting a Refund Was Easier
Consumer demand for financial services embedded within brand apps is outpacing brands’ ability to deliver, with most executives recognizing the gap. New research from Galileo Financial Technologies, soon to become SoFi Technology Solutions, found that 80% of brand executives say they plan to launch integrated financial services, but only 20% have done so thus far. The 2026 Galileo Integrated Financial Services Research Report, based on surveys of more than 2,000 U.S. consumers and 150 senior executives, shows that while consumers are already using features like saved cards, rewards, and instant refunds inside brand apps, most brands have yet to launch these capabilities.
Brand Executives Fear They’re Losing Customers to Rivals With In-App Financial Tools, Galileo Research Finds
Half of consumers have chosen one brand over another because paying or getting a refund was easier
