Worldpay has announced that it has acquired Cobre Bem Tecnologia, a provider of payment solutions in Latin America, for an undisclosed amount.
With this transaction, Worldpay’s eCommerce division will further strengthen its global reach, giving its customers access to a wide range of payment products in Brazil, Argentina, Colombia, Chile and Mexico.
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.”
Following the acquisition, 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 guaranteeing a consistent customer engagement model around the world.
Cobre Bem founder and CEO, Fernando Monteiro, commented: “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.”
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