LONDON | Worldpay Group acquires Cobre Bem Tecnologia, a leading provider of payment solutions in Latin America. With this acquisition, Worldpay’s eCommerce division further strengthens its global reach, giving its customers access to a wide range of payment methods in Brazil, Argentina, Colombia, Chile and Mexico.
Established in 1995, Cobre Bem is a payment service provider that offers single point access to popular local payment methods in Latin America, including eight different credit/debit card types and more than 20 banks for direct online transfers, direct debit and Boleto Bancario. The company is headquartered in Brazil and has offices in Rio de Janeiro and Sao Paulo.
Global Reach through a Single Technical Connection
Floris de Kort, Managing Director of Worldpay’s eCommerce division, said: “The acquisition of Cobre Bem underlines our commitment to offering our customers maximum global reach through a single technical connection. The combined Worldpay / Cobre Bem product offering is unrivalled 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.”
Current Business Model
Following the acquisition, Cobre Bem will continue to operate its current business model, and the existing Cobre Bem management team will join the senior leadership of Worldpay’s eCommerce business unit. In addition, Worldpay has committed to further investments in Cobre Bem’s technology and product offering, as well as to bringing Worldpay functions such as Relationship Management, Corporate Support and Implementation to Sao Paulo and Buenos Aires – guaranteeing a consistent customer engagement model around the world.
Worldpay is a leading global provider of payment and risk services, processing millions of transactions every day. Worldpay offers a range of services including global acquiring, gateway, alternative payments, risk management, point of sale and mobile payments. Worldpay became an independent company in December 2010. www.worldpay.com
Sourced from WorldPay, April 30th, 2014