In September 2025, Cobre, a company based in Latin America and now part of Worldpay, is set to introduce instant interbank payments for businesses operating in Colombia. This move aligns with its support for financial digitalization in the country.

Background and Expansion

Cobre was acquired by Worldpay in 2014 to broaden its presence in Latin America, offering payment products in Brazil, Argentina, Colombia, Chile, and Mexico. Its strategic acquisition aims to enhance the availability of payment solutions for businesses.

The company’s product lineup currently includes three key solutions: Cobre Connect, which facilitates local payments; Local Payments, which enable real-time domestic business transactions; and Cross Border Payments, which support global real-time payments. These products are designed to integrate with clients’ existing systems, creating a modern financial ecosystem.

Benefits for Colombian Businesses

The new feature will allow companies in Colombia to use payment aliases (keys) for instant and interoperable transfers without altering their current accounting processes or payment systems. This simplifies the adoption of new financial infrastructure while mitigating operational complexity.

In addition, businesses can now receive payments from corporate clients around the clock, potentially scaling cash flows and supporting smoother accounting cycles. Cobre targets retailers, fintech companies, and logistics providers as its customer base, aiming to enhance services for these industries and contribute to the broader financial modernization efforts.

Cobre emphasizes that this initiative will not only benefit its clients but also advance the overall agenda of financial innovation in Colombia. The company remains committed to providing efficient and advanced financial tools tailored to meet the needs and preferences of local businesses.