# 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, Colombia and USA**, 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:

### **<Icon icon="material-outline-task_alt" color="green"/> Unified operations across countries**

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

### **<Icon icon="material-outline-task_alt" color="green"/> Secure accounts for operating funds**

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


### **<Icon icon="material-outline-task_alt" color="green"/> Multiple local rails supported**

Cobre integrates deeply with regional payment systems.

### **<Icon icon="material-outline-task_alt" color="green"/> Full visibility and auditability**

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

### **<Icon icon="material-outline-task_alt" color="green"/> 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**

<Tabs>
  <Tab title="Payouts">      
      
<Columns>
  <Column>      
    <CardGroup cols={1}>
  <Card title="Bre-B" href="https://docs.cobre.com/money-movements-with-bre-b-1759479m0.md">
     An interoperable Colombian rail widely supported by local financial institutions.

    Use cases include:

    * Local corporate payouts
    * Local merchant payments
    * Micro lending disbursements
      
  </Card>     
  <Card title="FastPay - Immediate Local Transfers" href="https://docs.cobre.com/money-movements-with-cobre-fast-pay-1759480m0.md">
    FastPay allows near-real-time transfers to supported institutions.

    Clients benefit from:

    * Faster disbursement cycles
    * Flexible partner bank coverage
    * Real-time confirmations
  </Card>
  
  <Card title="ACH Payouts" href="https://docs.cobre.com/money-movements-with-cobre-ach-2436269m0.md">
    Cobre supports traditional ACH bank transfers as the **default rail** when Fast Pay is not available for the destination bank.

    Capabilities:

    * Send funds to bank accounts not part of Fast Pay
    * ACH is selected automatically from the financial institution on the counterparty
    * Cycle-based settlement
  </Card> 
</CardGroup>
  </Column>
</Columns>
 
  </Tab>
 
  <Tab title="Payins">
  <Columns>
      
  <Column>   
      
<CardGroup cols={1}>
  <Card title="R2P (Request to Pay)" href="https://docs.cobre.com/request-to-pay-r2p-colombia-1867936m0.md">
    Cobre supports multiple **Request to Pay (R2P)** rails, that can be built-in within client's UX. Includes:

    * **Bancolombia R2P**
    * **Nequi R2P**
    * **PSE R2P**
    * **Bre-B dynamic keys**
      
  </Card>
  <Card title="Checkout" href="https://docs.cobre.com/checkout-1759469m0.md">
    A **hosted payment flow** that lets businesses collect local, real-time payments from customers, with funds credited directly to their Cobre Balance. 

Includes the same R2P rails.    
    </Card> 
    
<Card title="Direct Debits (Nequi)" href="https://docs.cobre.com/direct-debit-with-nequi-1867937m0.md"> 
Cobre's core capability that enables businesses to **collect funds via Direct Debit** by allowing payers to securely link their **Nequi account once**
    
* One-time authorization to debit a payer’s Nequi account
* Real-time debits after consent is granted
* Designed for recurring collections and low-friction repeat payments

</Card>

  <Card title="Static Bre-b Keys" href="https://docs.cobre.com/static-bre-b-keys-1860055m0.md">
   Cobre enables businesses to **receive payments in Colombia using persistent, reusable Bre-B keys** linked to **Cobre Balances**.
  </Card>
   <Card title="Transfer-In" href="https://docs.cobre.com/transfer-in-2117492m0.md">
       
Cobre enables businesses to receive inter-company bank transfers in Colombia using bank accountd linked to **Cobre Balances**.
    Clients benefits from:
    - Reconcile easily ACH transfers from business partners
    -  Monitors incoming transfers automatically
    - Create bank accounts on demand   
  </Card>
</CardGroup>

</Column>
   
</Columns>       
    
  </Tab> 
</Tabs>

---------
 ### **Mexico**

<Tabs>
  <Tab title="Payouts">
      
      
<Columns> 
 <Column>        
        <CardGroup cols={1}>
            <Card title="SPEI Payouts (Outgoing Transfers)" href="https://docs.cobre.com/money-movements-with-clabes-and-spei-cards-1759484m0.md">
                            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)               
            </Card>            
        </CardGroup>
    </Column>
</Columns>
 
  </Tab>
 
  <Tab title="Payins">
  <Columns>      
  
    <Column>        
        <CardGroup cols={1}>
           <Card title="Request To Pay – Dynamic CLABEs" href="https://docs.cobre.com/request-to-pay-r2p-mexico-1992186m0.md">
                     
      Cobre enables businesses in Mexico to **collect payments using Request To Pay flows backed by dynamic CLABEs**:

      * Generate **dynamic CLABEs linked to a specific payment request**
      * Allow customers to complete the payment through **SPEI transfers from any Mexican bank**
      * Automatically identify and reconcile each incoming payment
    </Card>
            <Card title="Cobre Balances with CLABE accounts" href="https://docs.cobre.com/clabe-backed-virtual-balances-accounts-cobre-balances-1889781m0.md">
              * Receive deposits directly into a Cobre Balance via SPEI transfers
              * Useful for general payin collection flows where a single receiving account per balance is enough
              * Supports treasury-style collections and operational wallets
            </Card>

             <Card title="Account Reference – Virtual CLABEs" href="https://docs.cobre.com/virtual-clabes-1759471m0.md">
                 Cobre can generate **Virtual CLABEs** tied to a Cobre Balance, enabling companies to:

                * Collect money from customers using standard SPEI transfers
                * Reconcile deposits via reports
                * Use multiple Virtual CLABEs as permanent or dynamic reference accounts
            </Card>
        </CardGroup>
    </Column>
</Columns>      
    
  </Tab> 
</Tabs>
---
### **USA**

<Tabs>
  <Tab title="Payouts">      
      
<Columns>
  <Column>      
    <CardGroup cols={1}>
  <Card title="Fedwire" href="https://docs.cobre.com/money-movements-with-fedwire-2134871m0.md">
  Cobre allows clients to send funds to any US bank account through **Fedwire**, 
  the Federal Reserve's real-time gross settlement (RTGS) system.

  Use cases include:

  * Large-value corporate payouts
  * Time-critical same-day disbursements
  * Cross-border USD settlements
</Card>   
</CardGroup>
  </Column>
</Columns>
  </Tab>
    <Tab title="Payins">      
      
<Columns>
  <Column>      
    <CardGroup cols={1}>
  <Card title="Fedwire" href="https://docs.cobre.com/fedwire-payins-at-cobre-2210787m0.md">
  Cobre allows clients to receive funds in a dedicated ABA routing number and account number per client FBO Balance from any US bank account through **Fedwire** 

  Use cases in the US include:

  * Receiving client or customer payments
  * Accepting treasury or intercompany transfers
  * Collecting proceeds from asset sales
</Card>   
</CardGroup>
  </Column>
</Columns>
  </Tab>
</Tabs>

## 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](https://docs.cobre.com/account-verification-1908619m0.md)

### 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](https://docs.cobre.com/bulk-money-movements-1759486m0.md) 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](https://docs.cobre.com/money-movements-scheduler-1759487m0.md) 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](https://docs.cobre.com/notifications-and-subscriptions-1759508m0.md) 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](https://docs.cobre.com/reconciliation-at-cobre-1759507m0.md) 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:


<Steps>
  <Step title="Coverage needs">
    Which countries, rails, and banking institutions your business requires.
  </Step>
  <Step title="Transaction volumes">
    Cobre supports both single and bulk operations.
  </Step>
  <Step title="Virtual Balances model">
    How many Cobre Balances you need and how you segment funds (by product, region, business unit, entity).
  </Step>
    <Step title="Risk & compliance requirements">
    Maker–checker approvals, permissions, and audit logs.
  </Step>
    <Step title="Customer experience">
    Static/dynamic keys, checkout, direct link, or automated transfer methods.
  </Step>
    <Step title="Reconciliation processes">
    Which reports you will rely on daily, weekly, and monthly.
  </Step>
</Steps>


## Summary — What Cobre Enables in Local Money Movement

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

<Icon icon="material-outline-task_alt" color="green"/> Multiple local rails for payins & payouts

<Icon icon="material-outline-task_alt" color="green"/> Unified reporting & lifecycle status tracking

<Icon icon="material-outline-task_alt" color="green"/> Counterparty and direct debit management

<Icon icon="material-outline-task_alt" color="green"/> Bulk operations for scale

<Icon icon="material-outline-task_alt" color="green"/> Flexible approval workflows

<Icon icon="material-outline-task_alt" color="green"/> Notifications and event-driven automation

<Icon icon="material-outline-task_alt" color="green"/> 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