Galileo Financial Technologies, SoFi Technologies’ Technology Platform, launched Galileo Payment Method Switch, powered by Atomic. This product enables banks, fintechs, and brands to make it easier for people to update their default payment method across leading merchants, subscription services, utility providers, and digital wallets.
Clients can embed this solution into their own apps, positioning their issued card or account as the most visible and convenient option for recurring bills and everyday payments. Global recurring payment transactions are projected to exceed $15.4 trillion in 2027, underscoring the demand for easy payment management.
Prashant Shah, Vice President, Product Management at Galileo, stated that this solution keeps people spending in a branded environment, creating new recurring revenue streams that are proven to be stickier, more predictable, and scalable.
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