Galileo’s powerful payment processing platform fuels the most innovative fintechs, neobanks and companies worldwide. Check out a recent roundup of our clients in the news, highlighting new product launches, company expansions and new investments.
• BitPay announced its U.S.-based BitPay Wallet app users can provision the BitPay Card to their Apple Pay mobile wallet (Business Insider)
• Clair launched a Mastercard debit card to provide free wage advances to hourly workers (Yahoo! Finance)
• Oxygen CEO Hussein Ahmed wrote a featured article on the origins and value of fintech (Coruzant Technologies)
• TransferWise announced it’s renaming to Wise after it expanded to build a cross-border payments network (The Fintech Times)
• Mobility Capital Finance (MoCaFi) announced its capital investment from Mastercard to expand affordable financial service to underserved communities (Finextra)
• Ahead Financials CEO Anu Shultes was recognized on GV’s Impact List, highlighting 25 exceptional women for International Women’s Day (gv.com)
• Koho recently secured $70 million CAD in Series C financing to scale digital banking services (Fintech Finance)
• First Boulevard has raised $5M for its digital bank aimed at Black America (TechCrunch)
As the API standard for card issuing and digital banking, Galileo’s powerful payment processing platform offers the easiest way to create sophisticated payment card programs and digital banking solutions. For more news and insights, follow us on LinkedIn and Twitter.
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.
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.
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.
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.
Digital Wallets Unite Banks and FinTechs in Latin America’s Inclusion Push
Tory Jackson, head of business development and strategy for Latin America at Galileo, tells PYMNTS the region offers lessons for other nations for financial services innovation and financial inclusion.
