Money Movements with Cobre Fast Pay

Fast Domestic Payouts in Colombia — Overview

Fast Pay is a Colombian payment rail that enables same-day or near real-time bank transfers between financial institutions. Cobre integrates Fast Pay as a native local payout rail, allowing businesses to disburse funds efficiently to bank accounts in Colombia while maintaining a unified balance, transaction, and reporting model.

1. What Cobre Enables with Fast Pay

With Fast Pay, Cobre allows companies to:

Send fast domestic payouts in Colombia

Disburse funds directly to bank accounts through Cobre's host to host connections to the main banks

Avoid the delayed ACH cycles

Execute payouts from Cobre Balances (COP) in minutes

Track payouts through standardized transactions and reports

Transfer without any amount limits

Fast Pay is fully integrated into Cobre’s local money movement ecosystem.

2. Fast Pay Payouts in the Cobre Model

A Fast Pay payout in Cobre is a local money movement with the following characteristics:

Origin: A Colombian Cobre Balance (COP)

Destination: A recipient’s bank account (Savings, Current, Electronic Deposit)

Speed: Fast (same day / near real time)

Settlement: Faster than traditional ACH

Visibility: Reflected via transactions and balance updates

Fast Pay serves as a middle ground between immediate rails (Bre-B) and traditional batch-based transfers (ACH).

3. Account-Based Payouts — Paying to Bank Accounts

Bank Accounts as Payment Destinations

Fast Pay payouts are account-based, meaning funds are sent to recipients using their bank account details.

What this enables:

Compatibility with a wide range of banks

Familiar experience for recipients

Support for operational and enterprise payment flows

Alignment with existing accounting and treasury processes

This makes Fast Pay especially suitable for businesses that already manage bank-account-based payouts.

4. Counterparties for Fast Pay Payouts

Cobre uses Counterparties to represent recipients in Fast Pay payouts.

Fast Pay Counterparties represent:

A recipient’s bank account information

The required routing data to execute the transfer

From a capability perspective, this allows:

Reuse of recipient definitions across payouts

Unified management across Fast Pay, ACH, and Bre-B

Counterparties act as the bridge between business entities and payment rails.

5. Speed & Reliability of Fast Pay Payouts

Fast Pay is designed for speed and reliability:

Faster settlement than traditional ACH

Predictable processing SLAs

Suitable for time-sensitive but not necessarily instant payouts

This makes Fast Pay ideal when immediacy is important, but real-time finality is not strictly required.

6. Typical Business Use Cases for Fast Pay

Fast Pay payouts through Cobre are well suited for (not exhaustive):

Supplier and vendor payments

Operational disbursements

Payroll-adjacent flows

Marketplace settlements

High-volume recurring payouts

Businesses often use Fast Pay as a primary payout rail, complemented by Bre-B for urgent cases.

7. Transactions & Reporting for Fast Pay Payouts

Every Fast Pay payout generates Transactions within Cobre, which:

Debit the originating Cobre Balance

Are categorized by payout type

Appear in transaction lists and balance statements

Are included in reconciliation and accounting reports

This ensures Fast Pay payouts meet enterprise-grade audit and reporting requirements.

8. Controls & Operational Governance

Fast Pay payouts benefit from the same governance features as other Cobre money movements:

Role-based permissions (Portal only)

Optional approval workflows (maker-checker)

Full historical traceability

This makes Fast Pay suitable for finance, treasury, and operations teams managing large payment volumes.

9. Fast Pay vs Other Colombian Payout Rails

From a capability standpoint:

Bre-B → Instant, key-based payouts, for amounts under $11'550.00 COP

Fast Pay → Fast, account-based payouts, any amount

ACH → Traditional, batch-based payouts, any amount

Cobre Value Added

Cobre routes payouts by automaticallu choosing the optimal rail per scenario without changing platforms.

Cobre enables payouts to Bre-B Keys with amounts over $11'550.000 COP by resolving the key, and automaticaly routing the payment through Fast Pay

In case a payment destination is to a not Fast Pay supported bank, it will be routed through ACH

10. Summary — What Cobre Delivers for Fast Pay

With Fast Pay, Cobre enables:

Fast domestic payouts in Colombia
Direct bank-account-based transfers
Scalable recipient management via counterparties
Unified transactions and reporting
Enterprise-grade controls and auditability

Cobre abstracts the complexity of host to host connections with banks, absorbs ACH inneficiency, and delivers Fast Payments as a reliable, scalable payout capability within its broader local money movement platform.

Money Movements with Cobre Fast Pay

Fast Domestic Payouts in Colombia — Overview#

1. What Cobre Enables with Fast Pay#

2. Fast Pay Payouts in the Cobre Model#

3. Account-Based Payouts — Paying to Bank Accounts#

Bank Accounts as Payment Destinations#

4. Counterparties for Fast Pay Payouts#

Fast Pay Counterparties represent:#

5. Speed & Reliability of Fast Pay Payouts#

6. Typical Business Use Cases for Fast Pay#

7. Transactions & Reporting for Fast Pay Payouts#

8. Controls & Operational Governance#

9. Fast Pay vs Other Colombian Payout Rails#

10. Summary — What Cobre Delivers for Fast Pay#