Cobre, a firm supporting real-time business payments in Latin America, says starting in September, it will become the first participant in Colombia to enable instant interbank payments.
As a long-time advocate of financial digitalization in Colombia, Cobre seeks to accelerate the interoperable real-time payment system for businesses under the Bre-B framework.
This functionality will allow companies to “use payment aliases (keys) to receive instant and interoperable transfers without altering their existing accounting flows or payment systems, eliminating operational friction and making it easier to adopt this new financial infrastructure.”
They will also be able to receive payments “from corporate clients around the clock — 24/7, including weekends and holidays, which will significantly improve cash flow and accelerate accounting cycles.”
Cobre plans to grant early access to its customers, “a group that includes major retailers, fintechs, and logistics providers.”
Cobre currently has three solutions that allow companies “to optimize their treasury or build new products for their clients: Cobre Connect, Local Payments (domestic business payments in real time), and Cross Border Payments (global business payments in real time).”
All are designed to integrate with a company’s “existing systems in order to create intelligent and interoperable financial ecosystems.”