Credibanco and Dock have partnered to launch Bre-B, an instant payments solution in Colombia set to debut in September 2025. The initiative, developed by Banco de la República, aims to enhance payment transactions through 24/7 real-time capabilities, fostering financial inclusion. Emphasizing security and user accessibility, Credibanco will provide support to all stakeholders during the system’s integration, aiming for a revolutionary impact on the payment ecosystem in Colombia.
Credibanco and Dock have initiated a partnership to launch Bre-B, a pioneering instant payments solution in Colombia developed by Banco de la República. This initiative is designed to enhance the payment experience across the nation. Credibanco, recognized for its electronic payment innovations, joins forces with Dock, a Brazilian leader in digital payments, to provide this cutting-edge service. Bre-B aims at revolutionizing payment transactions by offering real-time transfers accessible 24/7, thereby promoting financial inclusion while ensuring security for users.
Scheduled for rollout in September 2025, Bre-B promises to streamline payment processes by reducing transaction costs, eliminating delays, and optimizing cash flow for businesses and individuals. Incorporating features like keys and QR codes, the system is constructed to be user-friendly, especially for unbanked populations, while upholding stringent security measures to combat fraud. This innovative approach underscores a commitment to improving the overall payment ecosystem within Colombia.
Credibanco’s support for the integration of Bre-B will extend to various stakeholders, such as banks and fintechs, providing them with the necessary technical support and onboarding resources. Ricardo Zambrano, President of Credibanco, emphasized the importance of this interoperable payment system. He stated that this initiative leverages their combined expertise in Colombian market dynamics and advanced technology.
Credibanco has established a partnership with Feedzai for fraud prevention, employing artificial intelligence to enhance transaction security. This strategic collaboration aims to reduce risks associated with instant payments. Antonio Soares, CEO of Dock, noted the alignment of Bre-B with Dock’s mission of fostering financial inclusion, indicating that the project embodies their shared vision for creating accessible financial services in Latin America.
Drawing from the successful implementation of Pix in Brazil, this instant payment model brings proven strategies to Colombia, drawing on Dock’s experience in scalable financial solutions. The partnership is poised to provide an effective framework for the Bre-B ecosystem, ensuring accessibility and efficiency for all participants involved. By adopting key elements that contributed to Pix’s achievements, Bre-B is set to redefine the payment landscape in Colombia.
Credibanco, with over 52 years of experience, continues to lead advancements in the electronic payments sector in Colombia. It has provided innovative solutions to support digital transformation while promoting financial inclusion. Dock, on the other hand, is recognized for revolutionizing digital financial services in Latin America for over two decades, offering comprehensive platforms that facilitate seamless banking and payment experiences globally.
In conclusion, the partnership between Credibanco and Dock marks a significant step towards transforming the Colombian payment landscape. The launch of the Bre-B instant payments solution is aimed at enhancing financial inclusion and providing accessible, secure, and efficient payment processes for all users. As the system prepares for its September 2025 debut, it embodies a collaborative effort to integrate cutting-edge technology with local market expertise, promising substantial advancements in the financial services sector.
Original Source: www.prnewswire.com
