Cobre, a leading platform for real-time business payments in Latin America, announced it will enable instant interbank payments exclusively for businesses in Colombia starting in September. This development positions Cobre as the first participant in the country’s financial system to offer this service.
As a proponent of financial digitalization in Colombia, Cobre will facilitate the adoption of the new interoperable real-time payment system for businesses operating under the Bre-B framework. This functionality will allow companies to use payment aliases, or keys, to receive instant and interoperable transfers without altering their existing accounting flows or payment systems. This aims to eliminate operational friction and streamline the adoption of this new financial infrastructure. Additionally, businesses will be able to receive payments from corporate clients around the clock, including weekends and holidays, which is intended to significantly improve cash flow and accelerate accounting cycles.
José Gedeón, CEO and co-founder of Cobre, stated that the company’s efforts aim to bring real-time capabilities to enterprise payments in Colombia ahead of others. He noted that this benefits not only Cobre’s clients but also supports Colombia’s broader financial modernization agenda. Cobre plans to grant early access to this new feature to its current customers, a group that includes major retailers, fintechs, and logistics providers.
Gedeón highlighted that the initiative is the culmination of months of collaborative work with various ecosystem partners, marking a further step in Cobre’s mission to provide innovative and efficient financial tools for companies.
Cobre develops technology for corporate payments across Latin America. The company offers three core solutions designed to integrate with a company’s existing systems to create intelligent and interoperable financial ecosystems: Cobre Connect, Local Payments (for domestic real-time business payments), and Cross Border Payments (for global real-time business payments).
