The deal pairs Centiglobe’s tokenised deposit network with Bamboo’s local banking infrastructure, targeting same-day settlement across a historically fragmented region
Bamboo, a Latin American payments infrastructure provider, has partnered with Sweden-based Centiglobe to streamline cross-border B2B and B2C payments into and out of Latin America.
The arrangement gives Centiglobe’s network members, financial institutions and global PSP clients access to Bamboo’s local banking network without needing to establish their own entities or build local integrations in each market, a meaningful simplification given how fragmented Latin America’s payment landscape is across jurisdictions.
The technical model combines Centiglobe’s distributed ledger-based global infrastructure with Bamboo’s local execution, enabling settlement typically within D+0 or D+1 depending on the flow and market. Centiglobe’s role is to extend its bank-agnostic tokenised deposit network into the region, while Bamboo handles the last-mile distribution and regulatory compliance needed to move funds locally.
“By bridging the gap between global infrastructure and local payment rails, we are significantly reducing the complexity of operating and scaling in Latin America,” said Gregory Cornwell, Chief of Revenue at Bamboo.
Petter Sandgren, CEO of Centiglobe, said the partnership lets network members execute cross-border payments without intermediaries using tokenised deposits, “delivering greater capital efficiency, more predictable payment flows, and a model aligned with evolving regulatory expectations.”
For banks and PSPs operating in or eyeing Latin America, the practical pitch is straightforward: faster settlement, fewer local partners to manage, and a payment infrastructure model designed to fit within existing banking system frameworks rather than operate as a parallel crypto rail.