Galileo Financial Technologies, LLC , a leading financial technology company owned and operated independently by SoFi Technologies, Inc, announced that it has received certification Mastercard to provide services simultaneously in five new Latin American countries.
Following its successful expansion to Colombia in March 2022, Galileo, a Mastercard Engage partner , now provides services in Argentina , Brazil, Chile , Peru and Uruguay that enable issuers, financial institutions and fintechs to offer issuer processing services (including credit cards). virtual and physical credit, debit and prepaid). Mastercard Engage simplifies partner collaboration with Mastercard and accelerates time to market for product innovation through access to the company’s global network, expertise, technology and resources.
According to the Digital Banking in Latin America study conducted by Mastercard, the growing demand for online banking in this region demonstrates the need for instant access to financial services, personalized interactions and digital banking interfaces. Together with 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. Obtaining certification in more markets allows Galileo to further its commitment to accelerating the digitalization of financial services for consumers and businesses.
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“As 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 of Market Development for Latin America and the Caribbean. at Mastercard: “We are proud to further integrate Galileo 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.”
Tory Jackson, Director of Strategy and Development at Galileo Latin America added: “The digitalization of payments is a top priority for companies driven not only by the demands of end users, but also by the growing group of innovators in Latin America. Breaking barriers and By removing friction in these new markets, Galileo hopes to help expand access to digital payment solutions.”
“Existing players and new players are looking for a single set of APIs that enable a single integration to enable payments, so it is essential for them to have the best solution and support to remain competitive. With this certification, payment companies These five new markets will be supported to modernize payment services with flexible, faster and frictionless development times, while building strong customer trust,” adds Jackson.
SOURCE: PRNewswire