Worldpay announced on Thursday that it has expanded its reach to Latin America with the acquisition of payments solutions provider Cobre Bem Tecnologia, which offers a single access point to local payment methods.
“The acquisition of Cobre Bem underlines our commitment to offering our customers maximum global reach through a single technical connection,” Floris de Kort, the managing director of Worldpay’s e-commerce division, said. “The combined Worldpay / Cobre Bem product offering is unrivaled on a global scale and allows our customers to reach any consumer, anywhere, in a currency and with a payment method that they are familiar with.”
Cobre Bem, which was established in 1995 and is headquartered in Brazil with offices in Rio de Janeiro and Sao Paulo, will continue to operate as usual, and its management team will join Worldpay’s senior leadership within its e-commerce division.
“We are delighted to be joining the Worldpay team and see a unique window of opportunity to create a truly differentiated, market-leading proposition for global merchants,” Cobre Bem Founder and CEO Fernando Monteiro said.