Credibanco and Dock Introduce Bre-B: An Instant Payments Solution for Colombia

Credibanco, in partnership with Dock, is set to launch Bre-B, an instant payments solution in Colombia in September 2025. This initiative aims to improve the payment experience by facilitating secure, real-time transactions available 24/7, thus reducing costs and waiting times. The collaboration highlights the importance of technological advancements in promoting financial inclusion and improving payment security.

Credibanco and Dock have partnered to introduce Bre-B, an innovative instant payments solution launched by Colombia’s Banco de la República, aimed at transforming the payment landscape in Colombia. This collaboration harnesses Credibanco’s established expertise in electronic payments and Dock’s advanced technology, previously successful in Brazil’s Pix instant payment system. Scheduled for launch in September 2025, Bre-B is designed to offer secure and efficient transactions available around the clock for businesses and individuals alike.

The Bre-B system is poised to revolutionize money transfers throughout Colombia by enabling real-time payments while significantly lowering transaction expenses and eliminating delays. By employing secure keys and QR codes, the system enhances accessibility for unbanked populations, thus fostering greater financial inclusion and curbing fraud. “We are committed to implementing an interoperable immediate payment system in Colombia,” stated Ricardo Zambrano, President of Credibanco, highlighting the importance of this endeavor.

The implementation strategy incorporates extensive support for clients in navigating the integration process via technical assistance, onboarding resources, and educational materials. Credibanco offers a comprehensive solution that covers both technological frameworks and customer service, ensuring immediate transfers can be processed securely and reliably. A partnership with Feedzai, specializing in fraud prevention through sophisticated AI technology, enhances security measures, mirroring protections already effective in Brazil.

Antonio Soares, CEO of Dock, expressed the company’s mission for financial inclusion, emphasizing that Bre-B aligns with their core objectives following the success of Pix in Brazil. The two firms aim to provide a scalable model that democratizes access to financial services across the Latin American landscape. By combining their strengths, they seek to create an efficient and secure framework that caters to local needs while ensuring broad access.

Capitalizing on the substantial experience Dock possesses, including facilitating over 220 million monthly Pix transactions, the collaboration is set to incorporate key features that contributed to Pix’s success. This initiative represents a significant step toward improving the Colombian payment ecosystem, ensuring swift, secure, and user-friendly transaction capabilities for individuals and businesses.

In conclusion, the collaboration between Credibanco and Dock to develop the Bre-B instant payments solution represents a significant advancement in Colombia’s payment system. Scheduled for launch in September 2025, this initiative aims to promote financial inclusion, enhance transaction security, and streamline payment processes. By combining the strengths of both companies, Bre-B is anticipated to deliver a transformative impact on the financial services landscape in Colombia. This partnership not only addresses the immediate payment needs of users but also provides a robust framework for enhancing user experience and security, thereby fostering broader fiscal accessibility in the region.

Original Source: www.prnewswire.com