From September, Cobre, a leading platform for real-time business payments in Latin America, will become the first participant in Colombia’s financial system to enable instant interbank payments exclusively for businesses.
As a long-time advocate of financial digitalization in Colombia, Cobre will accelerate the adoption of the new interoperable real-time payment system for businesses under the Bre-B framework, transforming the way money moves across the country.
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.
“At Cobre, we believe innovation should go beyond the buzzword. That’s why we’ve worked hard to bring real-time to enterprise payments in Colombia before anyone else. This benefits not only our clients but also the country’s entire financial modernization agenda,” said José Gedeón, CEO and co-founder, Cobre.
Cobre plans to grant early access to its customers, a group that includes major retailers, fintechs and logistics providers.
“This has been the result of months of joint work with various ecosystem partners. This is definitely another step in our mission to provide innovative, efficient financial tools for companies,” Gedeón said.
