Bamboo, a leading payment infrastructure provider in Latin America, and Centiglobe, a global payment network headquartered in Sweden, announced a strategic partnership to streamline cross-border B2B and B2C payins and payouts across the LATAM region.
Through this partnership, Centiglobe’s network members, financial institutions and global PSP clients can access Bamboo’s extensive local banking and payment network to operate in Latin America without the need to establish multiple local entities or manage complex local integrations. This collaboration is particularly relevant for global players looking to navigate Latin America’s fragmented payment landscape through a single, reliable entry point.
Enabling faster settlement and operational efficiency
The partnership addresses the historical friction of moving funds into and out of Latin America. By integrating Centiglobe’s global payment infrastructure, built on distributed ledger technology, with Bamboo’s specialized local execution, the collaboration enables settlement timelines typically within D+0 or D+1, depending on the specific flow and market.
This model allows Centiglobe to extend network reach across Latin-America, leveraging its bank-agnostic tokenized deposits, combining the efficiency of block-chain with bank-based money movement to enable same-day processing, while relying on Bamboo as the critical last-mile provider to ensure compliant and efficient fund distribution across the region.
“This partnership allows financial institutions and PSPs to access Latin America through a single integration, combining Centiglobe’s global network with Bamboo’s local execution capabilities,” said Gregory Cornwell, Chief of Revenue at Bamboo. “By bridging the gap between global infrastructure and local payment rails, we are significantly reducing the complexity of operating and scaling in Latin America.”
“By combining Centiglobe Connect with Bamboo’s strong local reach, this partnership expands how our network members access Latin America. Our collaborative payment network enables financial institutions to execute cross-border payments without intermediaries using bank-agnostic tokenized deposits. This delivers greater capital efficiency, more predictable payment flows, and a model aligned with evolving regulatory expectations,” said Petter Sandgren, CEO of Centiglobe.
Key benefits for financial institutions and global PSPs:
- Direct LATAM access: Immediate entry to major Latin American markets via Bamboo’s established infrastructure.
- Faster payouts: Optimized settlement cycles (typically D+0/D+1) that improve liquidity management.
- Reduced complexity: A unified model that eliminates the need for managing multiple local providers.
- Transparency & compliance: End-to-end visibility of cross-border flows backed by Bamboo’s deep regulatory expertise in the region.
- Tokenized bank deposit model: Enables direct cross-border payments between participants using bank-agnostic tokenized deposits.
- Regulatory-aligned infrastructure: Supports tokenized payment flows within frameworks aligned with the banking system.
The partnership reinforces Bamboo’s position as the preferred infrastructure partner for global entities seeking to unlock the Latin American market with speed and reliability, while enabling access to a collaborative payment network designed for predictable and capital-efficient cross-border payments.
About Centiglobe
Centiglobe enables instant, predictable and cost-efficient two-way cross-border payments, delivered with full traceability, through Centiglobe Connect, a DLT-based member network powered by bank-agnostic tokenized deposits. A modern alternative to traditional infrastructure, it gives banks and PSPs global reach without intermediaries, eliminates the need for costly pre-funding across locations, and opens up new ways to grow revenue. For more information, visit centiglobe.com.
