WorldPay has acquired Cobre Bem Tecnologia, a payment services provider in Latin America, expanding its global reach to Brazil, Argentina, Chile and Mexico.

Cobre Bem will continue to operate its current business model, to which WorldPay will bring investments in the technology and product offering, as well as functions such as relationship management, corporate support and implementation to Sao Paulo and Buenos Aires.

E-commerce managing director at WorldPay, Floris de Kort, said: "The acquisition of Cobre Bem underlines our commitment to offering our customers maximum global reach through technical connection.

"The combined 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."

Founded in 1995, Cobre Bem offers single point access to local payment methods in Latin America, including eight different credit and debit card types and more than 20 banks for direct online transfers, direct debit and payment slips.

WorldPay supports international e-commerce expansion strategies by offering global acquiring licenses and a portfolio of over 200 payment types.

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