Galileo Financial Technologies accelerates expansion in Latin America

Galileo Financial Technologies accelerates expansion in Latin America

Banking & FinanceIndustry VerticalsMexicoMore News

Galileo, the API standard for card issuing and digital banking and a leading technology platform subsidiary of social finance, has announced the opening of a Latin America headquarters and innovation center in the iconic Torre Reforma building in Mexico City.

The move follows the incorporation of Galileo’s Mexican subsidiary and the initial opening of its first office outside the US in Mexico City last year. It reinforces the company’s strategic commitment and exponential growth in Latin America, as well as strong market reception for innovative payment solutions in the region. This expanded presence will enable Galileo to serve strategic markets across Latin America in-market and in-language and co-innovate with dynamic technology firms to bring differentiated products and services to their clients.

Galileo was the first payments processor to secure certification with the Mastercard Mexico Domestic Switch (MxDS) and first to launch as part of Mastercard’s Fintech Accelerate program in México.

Galileo powers leading Fintechs in México and the company is a key innovator in the growing Latin America payments tech industry. Galileo’s payment technology can benefit Fintechs, banks and partners seeking an agile platform to enable digital commerce and digital financial services. Leading companies, like Klar which has grown six-fold in the last year and now has 200,000 active accounts, utilize Galileo’s robust APIs to power their digital finance offerings.