header icon
Solutions
header icon
Products
header icon
Platform
header icon
Developers
header icon
Company
English
GALILEO FIRST TO ATTAIN MULTI-MARKET MASTERCARD CERTIFICATION IN LATIN AMERICA

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

10 de outubro de 2023

SALT LAKE CITY AND MEXICO CITY, October 10, 2023 - Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced it has received Mastercard certification to provide services simultaneously in five new Latin American countries. 

Following its successful expansion into Colombia in March 2022, Galileo, a Mastercard Engage partner, is now providing services in Argentina, Brazil, Chile, Perú and Uruguay that enable issuers, financial institutions and fintechs to offer issuer processing services (including virtual and physical credit, debit and prepaid cards). Mastercard Engage makes it simple for partners to collaborate with Mastercard and accelerate time to market for product innovation through access to the company’s global network, expertise, technology and resources.

The rising demand for online banking in this region demonstrates a need for instant access to financial services, customized interactions and digital banking interfaces. Alongside Galileo’s strategic alliance with Mastercard, the company’s experience, knowledge and innovative technology will be key in the development and growth of financial and non-financial digital transactions in Latin America. Earning certification across more markets enables Galileo to further its commitment to accelerating the digitization of financial services for consumers and businesses. 

"As the demand for digital payment solutions in Latin America continues to grow, Mastercard’s rigorous certification process promises to deliver short and long-term benefits to local customers,” said Kiki del Valle, Executive Vice President, Market Development, Latin America and the Caribbean at Mastercard."

“We are proud to engrain Galileo further into the LATAM ecosystem to make it easier and more convenient for financial institutions, fintechs and non-financial brands to build, launch and grow their innovations.”
Kiki del Valle
Executive Vice President, Market Development, Latin America and the Caribbean at Mastercard

Tory Jackson, Director of Strategy and Development for Galileo Latin America added, "Digitization of payments is a top priority for businesses driven not only by the demands of end users, but also by the growing pool of innovators in Latin America."

"By breaking down barriers and removing friction in these new markets, Galileo looks forward to helping expand access to digital payment solutions.”
Tory Jackson
Director of Strategy and Development for Galileo Latin America

“Existing players and new entrants are looking for a single suite of APIs that enable a single integration to enable payments, so it’s crucial for them to have the best solution and support to remain competitive. With this certification, businesses across these five new markets will receive the support for modernizing payment services with flexible, faster and frictionless development times while building strong customer trust”, adds Jackson. Galileo operates in North America and Latin America, working with major fintech companies in these geographies to streamline B2B payments through industry-leading, flexible APIs.

About Galileo Financial Technologies

Galileo Financial Technologies, LLC and certain of its affiliates collectively comprise a financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI) that enables fintechs, financial institutions, and emerging and established brands to build differentiated financial solutions that deliver exceptional, customer-centric experiences. Through modern, open APIs, Galileo’s flexible, secure, scalable and fully integrated platform drives innovation across payments and financial services. Trusted by digital banking heavyweights, early-stage innovators and enterprise clients alike, Galileo supports issuing physical and virtual payment cards, mobile push provisioning, tailored and differentiated financial products and more, across industries and geographies.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

11 de junho de 2024

Consumers Are Crowdsourcing Their Financial Services, While Banks Risk Losing Primary Status

Galileo Consumer Banking Report by Datos Insights uncovers the latest consumer banking behaviors and preferences

See More
14 de maio de 2024

Galileo Highlights its Comprehensive Financial Technology Platform at the Chile Fintech Forum 2024

This is Galileo's first event in Chile following the acquisition of the Argentine unicorn Technisys. As a pioneer in financial technology with 23 years in the industry, the firm offers unparalleled experience and scalability.

See More
29 de abril de 2024

Galileo Tops 150 Million Accounts in Another Strong Quarter

SoFi’s technology platform, which comprises Galileo Financial Technologies and the Technisys cloud-based core banking services platform, surpassed 150 million total enabled accounts saw continued year-over-year net revenue growth in the first quarter of 2024.

See More
16 de abril de 2024

Rapid Finance Taps SoFi and Galileo to Enable Small Business Financing

Learn about the new Rapid Access Mastercard by Rapid Finance, in collaboration with Galileo and SoFi Bank. Tailored for small businesses, this card offers flexible, instant access to funds, empowering SMBs with the financial solutions they need to thrive.

See More
19 de março de 2024

Galileo Launches BNPL Post-Purchase for Credit & Debit

The new BNPL post purchase offering helps banks and fintechs give consumers greater financial flexibility

See More