Cabify and Cobre join forces to offer immediate payments to 150,000 drivers

The freelance and platform-based economy has faced a fundamental financial challenge for years: the gap between when money is earned and when it becomes available. In markets like Colombia, where a large percentage of drivers rely on their daily income, closing that gap is no longer optional but strategic for the sustainability of the operation.

Key takeaways

• Cabify and Cobre have formed a partnership to enable immediate payments to nearly 150,000 drivers in Colombia, allowing them to access their earnings in seconds.
• The solution eliminates traditional waiting times—such as days or weeks—and reduces manual operational processes that affect drivers’ liquidity.
• For Cabify, this integration not only enhances the value proposition for its drivers but also reflects a joint commitment to more agile financial solutions centered on the user experience.

How does this impact retailers and businesses?

The adoption of instant payment infrastructure not only modernizes the way money moves, but also transforms the financial dynamics of individuals and businesses that depend on constant and predictable cash flows. For mobility platforms, this means offering drivers a source of liquidity aligned with their daily activities, reducing financial stress and encouraging participation in the ecosystem. From Cobre’s perspective, enabling these instant payments—which operate regardless of bank, time of day, or day of the week—is not only a technical improvement but also a contribution to the economic stability of those who drive the operation.

Read the full coverage in La República.