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Abstract We study the quantum properties of a Galilean-invariant abelian gauge theory coupled to a Schrödinger scalar in 2+1 dimensions. At the classical level, the theory with minimal coupling is obtained from a null-reduction of relativistic Maxwell theory coupled to a complex scalar field in 3+1 dimensions and is closely related to the Galilean electromagnetism of Le-Bellac and Lévy-Leblond. Due to the presence of a dimensionless, gauge-invariant scalar field in the Galilean multiplet of the gauge-field, we find that at the quantum level an infinite number of couplings is generated. We explain how to handle the quantum corrections systematically using the background field method. Due to a non-renormalization theorem, the beta function of the gauge coupling is found to vanish to all orders in perturbation theory, leading to a continuous family of fixed points where the non-relativistic conformal symmetry is preserved.