Credibanco and Dock are launching Bre-B, a new instant payments system in Colombia, scheduled for September 2025. This initiative, initiated by Banco de la República, aims to provide secure, real-time payment transfers, enhancing accessibility for businesses and individuals alike. Through collaboration, these companies seek to promote financial inclusion and optimize the transaction experience across the country.
Credibanco and Dock have announced a partnership to launch Bre-B, an innovative instant payments solution initiated by Colombia’s Banco de la República. This collaboration merges Credibanco’s expertise in electronic payments with Dock’s advanced digital payment technology, aiming to enhance the payment experience across Colombia. Scheduled for launch in September 2025, Bre-B will facilitate real-time, secure payment transfers accessible around the clock, thereby promoting financial inclusion and reducing transaction costs.
Bre-B is designed to cater to businesses, individuals, and unbanked populations by utilizing keys and QR codes, ensuring accessibility while prioritizing security. Credibanco is poised to provide comprehensive support to its partners—banks, cooperatives, fintechs, and other entities—during the integration process. This support includes specialized technical assistance, onboarding tools, and educational resources necessary for smooth implementation.
The robust platform is built to handle immediate transfers, ensuring high availability and security standards. With a partnership established with Feedzai, which specializes in artificial intelligence-driven fraud prevention, Credibanco is focused on safeguarding transactions. This collaboration draws on Feedzai’s experience in protecting Pix transactions in Brazil and is integral to the security framework of Bre-B.
Dock’s CEO, Antonio Soares, emphasized the project’s alignment with their mission of promoting financial inclusion across Latin America. He mentioned the transformative effect of Pix in Brazil as a precedent for the potential impact of Bre-B. Just as Pix revolutionized Brazilian payments, Bre-B aims to democratize access to financial services, fostering opportunities for growth in the region.
Dock’s extensive background in payments technology is crucial for Bre-B’s successful implementation. The firm is responsible for processing millions of Pix transactions monthly and will adapt key features from this successful model to Colombia’s financial landscape. The partnership with Credibanco is strategically designed to ensure comprehensive access for stakeholders and facilitate local solution development.
In conclusion, the collaborative effort of Credibanco and Dock in launching Bre-B represents a significant advancement in Colombia’s payment ecosystem. This innovative instant payments solution prioritizes security, efficiency, and accessibility, driving financial inclusion and fostering economic growth. The comprehensive support structure established by Credibanco illustrates their commitment to the success of Bre-B, positioning it as a pivotal element in transforming payment practices in Colombia.
Original Source: www.prnewswire.com
