Clara Launches International Payments to Enable Cross-Border Transfers

Mexico City, August 14, 2023 - Clara, the leading Latin American solution for companies to make and manage all their payments, consolidates its platform with the launch of Clara International Payments, a product that simplifies the complexities and bureaucracy common to cross-border transactions, offering agility and transparent pricing.

Clara customers can now make on-demand payments in the world's main currencies through the platform and also use the underlying credit line to finance payments for up to 40 days. This launch complements Clara's payments platform, which already facilitates domestic transfers and features such as scheduled payments, batch payments and approval flows.

"As cross-border transactions grow rapidly as a result of the nearshoring boom in Mexico, Clara International Payments emerges as a corporate ally to overcome financial obstacles and simplify payments worldwide through a single platform. This on-demand product empowers companies with the flexibility to make payments every day of the year, ensuring agility and clarity in their financial operations, but also greater control over their expenses," said Youmna Harb, Country Manager of Clara in Mexico.

Clara's new product addresses a wide range of use cases, from expanding production plants, importing raw materials, logistics and transportation to payroll services. Mexican companies can rely on Clara International Payments to organize and control all their cross-border transactions on a single platform. In addition, Clara's credit line allows companies to take advantage of early payment discounts without compromising their cash flow, resulting in significant savings and greater financial efficiency.

"Companies increasingly prioritize international connectivity and simple access to credit lines for cross-border transactions. In response to this growing demand, Clara International Payments meets these needs,” said Harb.

Clara has successfully established operations in three of the region's largest economies: Mexico, Brazil and Colombia, with dedicated local teams in each country. The Latin American multinational company expects to transact up to US$100 million in international transfers in the remainder of the year.

To learn more about Clara International Payments, click here.