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Pymnts

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Debit Rewards Are Retail’s Next Game Changer, Says Galileo

  • Co-branded debit rewards are becoming a game changer in the retail industry, boosting loyalty and customer engagement, as highlighted by Galileo Financial Technologies CEO Derek White.
  • In the second half of 2025, there is a renewed focus on debit rewards driven by market demand, changing consumer preferences, technology advancements, and innovative partnerships, allowing banks, FinTechs, and brands to enhance loyalty and engagement while creating new revenue streams.
  • Debit rewards have become viable and attractive due to shifting consumer preferences, technological advancements enabling instant personalized experiences, and new economic models that support sustainable and inclusive loyalty programs not solely reliant on credit card spending.
  • Recent launches, like the co-branded debit rewards card by Galileo Financial Technologies and Wyndham Hotels & Resorts, exemplify the evolution in hospitality, recognizing debit as an essential touchpoint for enhancing customer relationships and loyalty through tailored rewards on everyday transactions.

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