Portuguese
REMITLY INTRODUCES PASSBOOK, A NEOBANK

Remitly Introduces Passbook, a Neobank

3 de fevereiro de 2020

Seattle-based Remitly is the largest independent digital remittance company in North America.

The target audience is the 44 million immigrants living in the U.S.

Galileo client Remitly today launched Passbook, a neobank created especially to meet the specific needs of immigrants living in the U.S. Built by Remitly and powered by Galileo, Passbook eliminates the barriers and complexity of opening bank accounts by removing fees, enabling easy and secure international use, and offering new international money transfer benefits.

Seattle-based Remitly is the largest independent digital remittance company in North America. Galileo, headquartered in Salt Lake City with additional offices in New York, San Francisco and Mexico City, is the API standard for financial technology. In addition to Remitly’s Passbook, Galileo powers leading neobanks in the U.S., Canada and, soon, Mexico.

“Passbook was born from countless hours listening to customers’ experiences navigating financial services not built for them,” said Matt Oppenheimer, Remitly CEO and co-founder. “Our team has a unique ability to deliver industry-changing products for immigrants. We’re going to change banking like we changed remittances.”

“Remitly has transformed remittances, and with Passbook it will transform banking access for immigrants, especially those who must use alternative documentation to verify their identity to qualify for an account,” added Galileo CEO Clay Wilkes. “We are proud to provide the powerful platform and APIs to drive this newest neobank.”

There are over 44 million first-generation adult immigrants in the U.S., representing more than 1 in every 6 workers. Immigrants earn over $1.3 trillion in wages annually and have over $900 billion in spending power. Key features of Passport to service this population include:

  • Eliminating barriers to access. To meet KYC requirements, Passbook accepts forms of identification common to immigrants, such as an ITIN, passport and other foreign government-issued IDs like the Matricula Consular ID.  

  • No borders. Each Passport account includes a Visa® debit card that can be used everywhere Visa debit cards are accepted globally, including Visa’s global ATM network in more than 200 countries and territories. 

  • No account fees. There are no monthly fees, no minimum balances required, no overdraft fees and no foreign transaction fees. In addition, Passport offers access to surcharge-free ATMs and provides special pricing when customers use Remitly to transfer money internationally.

  • Secure. Deposits are insured by the FDIC up to $250,000 per depositor, through Sunrise Banks N.A., Member FDIC. 

  • Personalization. Customers can customize their Passbook Visa debit cards with the national flag of their choice.

Last summer, Remitly closed a $135 million round to take its money transfer services into a wider range of financial products.

To learn more about Passbook, visit https://passbook.app/.

30 de julho de 2025

SoFi Tech Platform Impulsiona Crescimento de Receita e Expande Além dos Serviços Financeiros no 2º Trimestre

O segmento da Plataforma de Tecnologia da SoFi alcançou um forte crescimento de 15% na receita, expandiu para novos setores e impulsionou a inovação em toda a empresa no segundo trimestre.

Ver Mais
15 de julho de 2025

Galileo impulsiona a integração e expansão perfeita da SoFi no setor fintech

Desde a aquisição da Galileo Financial Technologies em 2020, a SoFi Technologies, Inc. (SOFI) tem fortalecido sua infraestrutura fintech ao integrar as capacidades de processamento de pagamentos e tecnologia da Galileo em seu portfólio crescente de soluções.

Ver Mais
15 de julho de 2025

O Banco Moderno Começa com a Mentalidade Antes da Tecnologia

Apesar dos investimentos massivos em transformação digital, uma lacuna persistente entre a estabilidade operacional e a inovação voltada para o futuro continua a impedir o progresso.

Ver Mais
15 de julho de 2025

Economia de Assinaturas Deve Alcançar US$ 1,2 Trilhões até 2030

Muitos consumidores podem se sentir sobrecarregados com suas assinaturas, mas isso não parece estar impedindo o crescimento dessa prática. Segundo um relatório divulgado na segunda-feira pela Juniper Research, sediada em Londres, a economia de assinaturas quase dobrará nos próximos cinco anos, passando de US$ 722,5 bilhões em 2025 para US$ 1,2 trilhão.

Ver Mais
15 de julho de 2025

Você Está Recompensando os Clientes Certos? Veja Como Fechar a Lacuna de Fidelidade

As necessidades dos consumidores superaram as soluções financeiras criadas para atendê-los. A maioria dos americanos usa o débito como principal método de pagamento—mais de 90% dos adultos nos EUA possuem um cartão de débito—mas não estão sendo recompensados pelo que gastam ou por sua lealdade à marca.

Ver Mais