Businesses in Latin America and beyond are set to benefit from a new strategic partnership aimed at simplifying international money movement. Cobre, the leading B2B payments platform in Latin America, has partnered with TerraPay, a global leader in cross-border payments. This collaboration connects Cobre's advanced enterprise platform with TerraPay's extensive global network, enabling companies to send and receive payments with greater speed, lower complexity, and full regulatory compliance.
Cobre and TerraPay form a strategic partnership for cross-border B2B payments.
The collaboration combines Cobre's Latin American expertise with TerraPay's global network.
Businesses benefit from faster settlement times and reduced operational complexity.
The partnership provides a fully compliant infrastructure for international transactions.
It enables companies to reach new markets and move funds more efficiently.
The alliance aims to simplify treasury management and overcome payment friction.
The partnership is designed to directly address the traditional friction associated with international business payments. By leveraging TerraPay's vast network, which connects to billions of bank accounts and mobile wallets, the collaboration allows businesses to move funds in real time. This eliminates key pain points around regulatory compliance, treasury management, and slow settlement, allowing companies to focus on growth rather than payment logistics.
The synergy between the two companies is a core component of the partnership's value proposition. Cobre brings deep, localized knowledge of the Latin American enterprise payment landscape, while TerraPay provides the infrastructure for worldwide reach. “Our partnership with TerraPay proves the impact of combining local expertise with a global payments network,” said Jose V. Gedeon, CEO & Co-Founder of Cobre. This combination is expected to rapidly scale transaction volumes by meeting the strong regional demand for more efficient international payment solutions.
This alliance marks a significant step in creating more seamless and intelligent financial ecosystems for businesses, reinforcing a shared mission to simplify global treasury operations and empower companies to expand their international footprint with confidence.
About Cobre
Cobre is the biggest platform developing technology for corporate payments in Latin America.
Cobre 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.
TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks, regulated across multiple markets. Our network enables payments to receiving and sending countries worldwide, reaching a vast network of mobile wallets, bank accounts, and cards.
On a mission to create a borderless financial world, TerraPay makes money transfers instant, reliable, transparent, and fully compliant for its partners, connecting them to 3.7Bn+ mobile wallets, 7.5Bn+ bank accounts, in over 150+ countries. We work behind the scenes as the trusted partners for some of the world’s most innovative financial players, from banks and digital wallets to MTOs, merchants and fintech platforms.
Since its founding, TerraPay has built a global interoperable wallet network that advances financial inclusion, even in hard-to-reach markets. TerraPay is headquartered in London, with offices in cities including Bangalore, Dubai, Bogotá, Dares Salaam, Kampala, and Singapore. Backed by leading investors such as the IFC(World Bank), Prime Ventures, Partech Africa, and Visa, TerraPay continues to expand its global footprint.
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