Cobre and TerraPay unite to facilitate global business payments

Core Insights - Cobre has formed a strategic alliance with TerraPay to facilitate global transactions, aiming to enhance cross-border payment capabilities for businesses in Latin America [1][2] - The partnership is focused on providing a compliant infrastructure, reducing complexity, and ensuring quicker settlement durations for international payments [1][3] Group 1: Partnership Details - The integration of Cobre's enterprise payment platform with TerraPay's international network will enable real-time fund transfers and access to new markets, addressing traditional challenges in international payments [2][3] - The collaboration aims to streamline financial operations for businesses in Latin America and beyond, emphasizing the importance of local expertise combined with a global payments network [3][4] Group 2: Market Impact - Cobre's CEO highlighted the growing demand for faster, safer, and more efficient international payments, projecting significant transaction volumes by 2025 [4] - The partnership is expected to assist companies in managing various aspects of cross-border payments, including regulatory compliance and technological integration [3][4] Group 3: Recent Developments - TerraPay has also partnered with Wave Mobile Money to enhance cross-border remittance services, indicating a broader trend of improving international payment solutions [5]