Galileo just added a powerful new weapon to its arsenal, and it’s aiming straight at the default payment slot.
The SoFi-owned tech platform has launched Galileo Payment Method Switch, a new embedded solution that lets users update their recurring payment info, like debit cards, credit cards, or bank accounts, across major merchants, subscriptions, utilities, and even digital wallets like Venmo or PayPal.
The tool, powered by Atomic, keeps banks, fintechs, and brands at the top of their customers’ digital wallets, especially as recurring payments dominate everyday spend.
Instead of customers bouncing between websites every time their card expires or they switch accounts, this feature lets them make sweeping updates from inside a single app. It’s fast, frictionless, and, most importantly for Galileo’s clients, an opportunity to become the card of choice for everything from Netflix to power bills.
Companies can embed the Payment Method Switch directly into their app, and instantly become more relevant in the recurring payment ecosystem. According to Atomic, users tend to switch three to five payment methods on their first visit, translating to around $420 in monthly recurring spend, giving clients a direct path to stickier relationships and higher interchange revenue.
The launch reflects a strategic move by Galileo to stack interoperable tools, like the previously released Direct Deposit Switch, and give financial brands a turnkey way to lock in wallet share. Atomic handles merchant integrations on the back end; Galileo facilitates the secure exchange of card and account details.
Why this matters
Recurring payments aren’t just a convenience anymore, they’re a $15.4 trillion global flow by 2027. If a financial provider isn’t in the default spot, it’s potentially missing out on massive, ongoing revenue.
With this switch solution, Galileo is betting that ease, speed, and embedded UX will decide who owns that prime piece of digital real estate.
“Galileo Payment Method Switch allows banks, fintechs and brands to help customers easily manage bill payments without leaving an app they already trust. This solution keeps people spending in a branded environment, creating new recurring revenue streams, which are proven to be stickier, more predictable and scalable. We’re pleased to expand our role as the one-stop shop for supporting modern payments,” said Prashant Shah, vice president, product management at Galileo.