Credibanco and Dock are launching Bre-B, an instant payments solution in Colombia, initiated by Banco de la República. This system, set to debut in September 2025, aims to modernize transactions by facilitating real-time payments and financial inclusion. Credibanco’s local experience combined with Dock’s technology promises to enhance security and efficiency in the Colombian payment ecosystem.
Credibanco and Dock have collaborated to introduce an innovative instant payments solution named Bre-B, launched by Colombia’s Banco de la República. This initiative aims to enhance the national payment ecosystem, enabling secure and efficient transactions for individuals and businesses around the clock. Set to launch in September 2025, Bre-B is designed to modernize the payment process in Colombia, facilitating real-time transactions and optimizing cash flow while minimizing costs and waiting periods.
The partnership leverages Credibanco’s local expertise in electronic payments and Dock’s advanced technology, which has successfully powered the Pix instant payment system in Brazil. Bre-B facilitates secure transactions with the use of QR codes, aiming to improve accessibility for unbanked individuals while adhering to high-security standards. “We are committed to implementing an interoperable immediate payment system in Colombia, an initiative led by Banco de la República through Bre-B,” stated Ricardo Zambrano, President of Credibanco.
To ensure successful integration of Bre-B, Credibanco will provide extensive support to various stakeholders including banks, fintech companies, and merchants throughout the onboarding process. The company’s solution provides a comprehensive infrastructure designed for user convenience, ongoing security, and rapid implementation, while partnering with Feedzai, an AI fraud prevention specialist, to enhance transaction safety.
Antonio Soares, CEO of Dock, highlighted the alignment of the Bre-B project with the goals of financial inclusion across Latin America, underscoring the transformative potential of instant payments. Dock, known for facilitating over 220 million monthly Pix transactions, brings its wealth of experience and scalable solutions to support Credibanco’s implementation of Bre-B. Key components of the successful Pix model will also be integrated into Bre-B to ensure its effectiveness and reach.
In summary, the partnership between Credibanco and Dock marks a significant advancement in instant payment solutions within Colombia. The introduction of Bre-B aims to transform the payment system, promoting financial inclusion while enhancing transaction security and efficiency. With a focus on supporting local stakeholders through comprehensive integration processes, this initiative reflects both companies’ commitment to fostering innovative financial solutions in Latin America.
Original Source: www.prnewswire.com
