header icon
header icon
header icon
header icon
header icon

Mastercard & Galileo Are Driving Fintech Innovation in Latin America

12 de março de 2024

Mastercard® is a financial services company that operates an electronic payment network in Latin America and the rest of the world. Founded in 1966, Mastercard is one of the leading brands and facilitates transactions between consumers, merchants, banks, and other institutions in more than 210 countries and territories.

Mastercard offers much more than simply financial technology or cards. Mastercard actively participates in making transactions safer, simpler, more transparent and smarter. On the other hand, Mastercard provides innovative solutions for Latin America, where user adaptability and openness to use these innovative payment methods stand out.

We sat down with Abdul Assal, Vice President of Fintechs and Enablers for Latin America at Mastercard to ask him a few questions about how Galileo and Mastercard are working together in Latin America.

This interview was done at Money20/20 in October 2023.

"The Latin American population is very open to trying new technologies, so we have a great ability to implement innovative solutions and scale them in market… we have quite a bit of acceptance from people experiencing these new technologies," mentions Abdul Assal, Vice President of Fintechs and Enablers for Latin America at Mastercard.

Mastercard and Galileo, together, offer more than technology; they offer teams of professional specialists, innovators, and a willingness to grow with partners.

"Apart from technology… it's the people. It's not enough to be talented, they have a desire to do. I think if we look at both teams, they are all very eager to do, very synchronized, not only the business strategy team but also the product implementation team."
Abdul Assal
Vice President of Fintechs and Enablers for Latin America at Mastercard

Mission: Mastercard's mission is to connect and power an economy to be more digital, inclusive, secure, simple, transparent, and smart. Mastercard aims to strengthen the economy and empower people so that together we can build a more sustainable future and world.

Mastercard and Galileo have a common goal: To add value to the financial ecosystem. This financial technology complements and is focused on delivering to our clients and partners through value propositions and solutions that add positive value for everyone. Mastercard has collaborated for years with Galileo, learning from each other and sharing the same goal and vision. "I highlight the leadership of Tory Jackson in the region, who is making Galileo's expansion into Latin American markets very successful," said Abdul.

Disclosure: Mastercard is a current partner of Galileo, that has not been compensated to appear in Galileo marketing. Neither should this be deemed as a solicitation for any Mastercard products or services. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

18 de junho de 2024

Inovação Apoiada por Experiência e Infraestrutura

O novo chefe de desenvolvimento de negócios da Galileo Brasil, Abdul Assal, explica como os bancos podem aproveitar a inovação e a experiência para ter sucesso no mercado de serviços financeiros brasileiro em rápida evolução.

Ver Mais
17 de junho de 2024

3 Maneiras de os Bancos Brasileiros Entregarem um Serviço Bancário Centrado no Cliente em 2024

Para manter a participação no mercado em meio à crescente concorrência das fintechs, os bancos brasileiros devem oferecer conveniência e personalização aos clientes – e precisam da tecnologia certa para proporcionar essas experiências.

Ver Mais
12 de junho de 2024

Por qué Colombia debería estar en el radar de todas las fintech

Colombia’s evolving fintech sector is ripe with opportunity; explore the stats behind the boom and key developments to watch in our new Fintech Radar report.

See More
11 de junho de 2024

3 Priorities for FIs as Banking Transforms in 2024

New research from Galileo and Datos Insights reveals how consumer banking behaviors are changing–and how financial institutions must transform to compete with digital challengers and remain relevant as the industry evolves.

See More
5 de junho de 2024

3 Reasons Why Brands Should Diversify Revenue with Financial Services

The time is now for non-financial brands to meet the booming demand for financial services, driving new revenue streams, deeper engagement and transformative growth.

See More