Galileo Financial Technologies Pioneers Expansion Into Mexico With Mastercard Certification and Major Strategic Partnership With Klar
Galileo, the trusted technology partner that powers world-leading fintech businesses, announced its Mastercard certification in Mexico and new partnership with a major fintech company in the Mexican market. These two events further strengthen Galileo’s expansion into the region.
Galileo is the first API software innovator to secure Mastercard certification and to launch as part of Mastercard’s Fintech Accelerate program in Mexico, which makes it a pioneer in the market. Galileo is certified with the Mastercard Mexico Domestic Switch (MxDS) for Signature, PIN and ATM transactions, as well as settlement and chargeback processing.
By meeting the standards required for certification, Galileo’s API-centric platform enables fintechs launching in Mexico to quickly and easily build and launch payment services that meet the needs of consumers in the region.
Building on this partnership with Mastercard, Galileo announced its first strategic alliance in the Mexican market: Klar, a leading Mexican challenger bank, has selected Galileo to provide the technology backbone to deliver services in Mexico.
“Not only is Mexico one of the most influential and innovative fintech markets in Latin America, it is also one of the Fintech hubs with the highest growth potential worldwide,” said Tory Jackson, Galileo’s in-country manager for Mexico. “Our Mastercard certification and partnership with Klar reinforce our commitment and efforts to bring innovative payment solutions for consumers in Mexico.”