Coloca for LATAM companies: How to collect and pay without opening local accounts

Expanding into new countries across Latin America used to mean opening local bank accounts, hiring representatives and navigating different regulations. Today there is an alternative.

The problem with local accounts

Traditionally, for a company to collect and pay like a local in a LATAM country, it had to incorporate a legal entity, open bank accounts and comply with the local regulation of each market. This process could take months and require significant investment in every country.

For a company operating in three or more countries, this meant a fragmented financial operation: multiple banks, multiple reconciliations, multiple compliance teams.

The Coloca model

Coloca operates with local legal entities in Colombia, Mexico and Brazil, and connects the instant rails of each country. This means your company can collect and pay like a local in every market without having to open its own accounts in each country.

A single integration gives you access to Bre-B, SPEI and PIX, plus coverage as a secondary destination in Guatemala, Ecuador, Peru, Chile and Argentina.

Real-world use cases

Payment processors use Coloca for active redundancy across their rails. Ecommerce platforms disburse balances to thousands of merchants in multiple countries. SaaS companies manage corporate cards for their clients. All from a single integration.

The common thread: stop thinking about payment infrastructure as a per-country problem, and start thinking of it as a single layer that covers the entire region.

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