#Colombia #Bogota #Credibanco #Dock #Bre-B

Credibanco and Dock Join Forces for Instant Payments in Colombia

In a significant move to enhance financial transactions in Colombia, Credibanco and Dock have announced their collaboration to support Bre-B, a groundbreaking instant payments solution introduced by Colombia's Banco de la República. This partnership aims to revolutionize the payment landscape, introducing efficiency and security for users across the nation.

Bre-B: A New Era in Payment Solutions

The Bre-B system, designed to facilitate real-time payments, is set to launch in September 2025. Its primary goal is to transform how individuals and businesses conduct financial transactions, making it a seamless and instantaneous process. With the integration of features like QR codes and encryption keys, this innovative tool will cater not only to the banking population but also to the unbanked sector, offering them access to secure and efficient payment options at any time.

Credibanco has a longstanding reputation as a pioneer in electronic payments in Colombia, and this partnership with Dock—an established leader in digital payments in Brazil—marks a strategic alliance for advancing payment solutions in the region. Dock is particularly noted for the success of its Pix instant payment system, which processed more than 220 million transactions monthly, demonstrating the potential for scalable and reliable financial technology.

A Commitment to Financial Inclusion

Both companies have pledged to promote financial inclusion through Bre-B. The project is not just about modernizing payment channels, but also about empowering individuals and enterprises by providing them with the tools necessary for financial independence. Ricardo Zambrano, President of Credibanco, emphasized that this collaborative approach combines local expertise with sophisticated technology to create a comprehensive payment ecosystem.

“Implementing an interoperable immediate payment system that is secure and user-friendly is our top priority. Our partnership reflects a shared vision of innovation and accessibility in the financial realm,” stated Zambrano.

Support and Implementation

To ensure smooth integration and adoption of Bre-B, Credibanco plans to assist its clientele—which includes banks, cooperatives, fintechs, and commercial enterprises—through each phase of the integration process. This will involve offering tailored technical support, onboarding tools, and educational resources, making the transition as straightforward as possible. Their robust platform is crafted to handle immediate transfers while maintaining the highest standards of security and operational availability.

Security plays a crucial role in any instant payment system, especially with the rising concerns regarding fraud. To bolster this aspect, Credibanco has allied with Feedzai, a renowned company specializing in fraud prevention using artificial intelligence. This partnership will help to build trust in the new system, ensuring customers feel secure while using Bre-B for their transactions.

The Vision Ahead

As Antonio Soares, CEO of Dock, pointed out, the Bre-B initiative resonates with Dock’s mission to democratize financial services in Latin America. “The success of Pix in Brazil showed us that instant payments have the potential to bring about transformative change. With Bre-B, we are reaffirming our commitment to fostering financial access for everyone in the region,” Soares remarked.

The initiative is set to make an immense impact on Colombia’s financial landscape, mirroring the success seen with the Pix system. By merging efficient systems and innovative technologies, Bre-B aims to adapt to the unique needs of local users while providing open access to various stakeholders involved in the payments industry.

In conclusion, the partnership between Credibanco and Dock marks a pivotal moment for Colombia, promising an evolution in the way financial transactions are conducted and significantly improving accessibility for all citizens. As launch day approaches, anticipation builds for what Bre-B may hold for the future of payments in Colombia.