Credibanco and Dock have launched Bre-B, an instant payments solution in Colombia, set to debut in September 2025. This system aims to enhance the payment experience by enabling secure, real-time transactions available 24/7. With a focus on financial inclusion and robust security measures, the partnership is well-positioned to transform Colombia’s payment landscape.
Credibanco and Dock have partnered to launch Bre-B, a new instant payments solution initiated by Colombia’s Banco de la República. This system aims to enhance the payments experience in Colombia, providing secure and efficient transactions round the clock. The collaboration combines Credibanco’s deep knowledge of the Colombian market with Dock’s advanced payment technologies from Brazil, exemplified by their success with the Pix system.
Set to launch in September 2025, Bre-B will revolutionize monetary transfers in Colombia, facilitating real-time payments that reduce costs and streamline cash flow. The platform employs keys and QR codes to ensure accessibility for unbanked individuals and businesses, while maintaining high-security standards to foster financial innovation and inclusion.
Ricardo Zambrano, President of Credibanco, emphasized the goal of establishing an interoperable payment system through Bre-B. He stated, “Our proposal…guarantees easy implementation, rapid adoption and innovation in different use cases.” To ease transition, Credibanco will offer technical support and educational resources for clients integrating Bre-B, ensuring a comprehensive and scalable adoption process.
In collaboration with Feedzai, an AI-driven fraud prevention firm, Credibanco prioritizes transaction security for the instant payments framework. Feedzai’s expertise has effectively safeguarded Pix transactions in Brazil, ensuring robust protection for the forthcoming Colombian solution. Antonio Soares, CEO of Dock, underscored the importance of this project, asserting that it aligns with their objective of promoting financial inclusivity throughout Latin America.
The success of instant payment models in various countries positions Bre-B for transformative potential in Colombia. With Dock’s extensive experience in scalable digital payment solutions, this partnership will facilitate effective implementation of the Bre-B system, making it accessible to a broad audience while catering to local needs. Dock’s proven track record in managing significant transaction volumes further strengthens the foundation for Bre-B’s success.
Credibanco boasts over 52 years of experience in the electronic payments sector in Colombia, emphasizing a commitment to technological innovation. Meanwhile, Dock has significantly advanced access to financial services in Latin America, aspiring to democratize and simplify financial inclusivity for all individuals, regardless of their economic background.
The partnership between Credibanco and Dock marks a significant milestone in enhancing the Colombian payment system through the Bre-B initiative. By leveraging successful elements from the Pix framework, this collaboration is set to deliver real-time, secure, and efficient payment solutions that promote financial inclusion across Colombia. With comprehensive technical support and a focus on security, the transition to Bre-B aims to revolutionize how monetary transactions are conducted in the nation.
Original Source: www.prnewswire.com
