Local Payments with Cobre

Overview

Local Money Movements refer to all domestic fund transfers—inbound and outbound—that Cobre enables across its platform. These capabilities allow companies to send and receive money reliably, securely, and in compliance with local payment rails and banking standards.

What Is a Local Money Movement?

A Local Money Movement is any transfer of money within a single country, using local payment rails. Cobre supports:

Payins (collecting money from customers)

Payouts (disbursing funds to suppliers, users, employees, etc.)

These capabilities extend across Mexico and Colombia, each with its own rails and operational rules.

Why Companies Use Cobre for Local Money Movements

Cobre centralizes domestic money flows under a unified financial infrastructure. Clients choose Cobre because it provides:

Unified operations across countries

Even though local rails differ, clients operate through a single platform.

Secure accounts for operating funds

Cobre Balances act as operational ledgers to receive or initiate transactions.

Multiple local rails supported

Cobre integrates deeply with regional payment systems.

Full visibility and auditability

Every transfer, approval, and return is traceable through transaction reports and dedicated statement formats.

Scalable onboarding for beneficiaries

Counterparty management lets companies register, validate, and reuse beneficiary accounts.

Local Money Movement Capabilities

Below is a summary of the rails Cobre supports and what clients can accomplish.

Colombia

Payouts

Payins

Bre-B

An interoperable Colombian rail widely supported by local financial institutions.

Use cases include:

Local corporate payouts

Local merchant payments

Micro lending disbursements

FastPay - Immediate Local Transfers

FastPay allows near-real-time transfers to supported institutions.

Clients benefit from:

Faster disbursement cycles

Flexible partner bank coverage

Real-time confirmations

ACH Payouts

Cobre supports traditional ACH bank transfers to other banks that are not part of our Fast Pay rails.

Capabilities:

Send funds to bank accounts not part of our Fast Pay rails

ACH is defined as the rail to process the pay out based on the financial institurion in the conterparty

Predictable processing windows

Mexico

Payouts

Payins

SPEI Payouts (Outgoing Transfers)

Cobre allows clients to send funds to any Mexican bank account through SPEI, the national interbank system.

Capabilities include:

Initiate payouts to CLABE-enabled accounts or SPEI Cards

Track movement status lifecycle

Manage returns (e.g., rejected transfers)

Additional Features That Enable Local Flows

Local Money Movement also leverages on several features that makes easier moving money through Cobre:

Account Verification

To confirm whether recipient/account holder information matches official records, Cobre enables:

Validation of CLABE ownership or retrieve owner details (Mexico)

Validation of Bre-B key ownership or retrieve owner details (Colombia)

Tracking validation processes

See Account Verification

Bulk Money Movement

For large-scale operations, Cobre enables:

Bulk payout uploads

Maker-Checker Approval

Tracking of each individual movement and bulk status

See Bulk Money Movements to learn more.

Money Movement Scheduler

For time-based and recurring operations, Cobre enables:

Scheduling local money movements for future execution

Automating recurring payouts on predefined dates

Maker–Checker approval for scheduled movements

Tracking of scheduled, executed, and completed movements

See Money Movements Scheduler to learn more.

Notifications & Webhooks

To help clients automate operations, Cobre sends event notifications for:

Money movement creation and status changes

Payin confirmations

Payout completions or returns

See Notifications and subcriptions to learn more.

Reporting & Reconciliation

Cobre provides standardized CSV, JSON, and PDF reports for:

Transactions

Money movements

Balance statements

These reports allow seamless reconciliation with your accounting systems.

See Reconcilliation with Cobre Reports to learn more.

Approval Workflows (Maker–Checker)

Cobre offers optional approval layers enabling:

Dual-approval for sensitive payouts

Segmentation of user roles (Portal Only)

Audit trails for all approvals

This supports internal controls for finance and treasury teams.

Operational Considerations for Prospective Clients

Before enabling Local Money Movements with Cobre, most companies evaluate:

Coverage needs

Which countries, rails, and banking institutions your business requires.

Transaction volumes

Cobre supports both single and bulk operations.

Virtual Balances model

How many Cobre Balances you need and how you segment funds (by product, region, business unit, entity).

Risk & compliance requirements

Maker–checker approvals, permissions, and audit logs.

Customer experience

Static/dynamic keys, checkout, direct link, or automated transfer methods.

Reconciliation processes

Which reports you will rely on daily, weekly, and monthly.

Summary — What Cobre Enables in Local Money Movement

Cobre provides a complete local money movement infrastructure in Mexico and Colombia, including:

Multiple local rails for payins & payouts

Unified reporting & lifecycle status tracking

Counterparty and direct debit management

Bulk operations for scale

Flexible approval workflows

Notifications and event-driven automation

Secure operational accounts (Cobre Balances)

This makes Cobre suitable for:

Marketplaces

Fintechs & wallets

Payroll companies

Lenders

Platforms requiring embedded payments

Any business moving money domestically at scale

Local Payments with Cobre

Overview#

What Is a Local Money Movement?#

Why Companies Use Cobre for Local Money Movements#

Unified operations across countries#

Secure accounts for operating funds#

Multiple local rails supported#

Full visibility and auditability#

Scalable onboarding for beneficiaries#

Local Money Movement Capabilities#

Colombia#

Mexico#

Additional Features That Enable Local Flows#

Account Verification#

Bulk Money Movement#

Money Movement Scheduler#

Notifications & Webhooks#

Reporting & Reconciliation#

Approval Workflows (Maker–Checker)#

Operational Considerations for Prospective Clients#

Summary — What Cobre Enables in Local Money Movement#