Credibanco and Dock are collaborating to launch Bre-B, an instant payments solution to enhance the Colombian payment ecosystem. Set for launch in September 2025, Bre-B will facilitate real-time transactions for businesses and individuals, significantly improving efficiency and security while promoting financial inclusion through innovative technology, including QR codes and AI-focused fraud prevention measures.
Credibanco and Dock have partnered to launch Bre-B, an innovative instant payments solution within Colombia, aiming to enhance the local payment ecosystem significantly. The collaboration harnesses Credibanco’s extensive experience in electronic payments and Dock’s successful technology from Brazil’s Pix system. Set to be implemented in September 2025, the Bre-B platform will provide 24/7 instant transfers for businesses and individuals while prioritizing security and accessibility, including technology using QR codes and keys for users with no banking access.
Bre-B is designed to streamline financial transactions in Colombia by enabling real-time payments that lower costs and eliminate delays, thus enhancing cash flow. Credibanco will support various sectors, such as banks and fintech companies, through specialized onboarding resources and customer support to facilitate integration. With a robust technological infrastructure, the platform promises high security standards and smooth operation. Furthermore, a partnership with Feedzai will enhance its fraud prevention measures through artificial intelligence, drawing from Feedzai’s expertise in securing Pix transactions in Brazil.
Antonio Soares, CEO of Dock, emphasized the alignment of Bre-B with their mission for financial inclusion in Latin America, citing the transformative success of Pix as an inspiration. This new initiative aims to democratize access to financial services and improve opportunities region-wide. By leveraging the efficient and scalable model proven in Brazil, Dock supports Bre-B in meeting local requirements while encouraging innovative solutions for stakeholders involved in the instant payment landscape.
With extensive experience managing over 220 million monthly Pix transactions, Dock is equipped to provide the same technological strength and innovative capabilities to Colombia. This collaboration aims to ensure that Bre-B is adaptable and efficient, promoting a positive impact on the payment system in the country. By incorporating successful features from the Pix model, Bre-B is more than just a payment solution—it’s a step towards broader financial empowerment for Colombians.
Founded over 52 years ago, Credibanco leads Colombia’s electronic payments sector and focuses on promoting digital transformation and financial inclusion. Dock has been a pivotal player in advancing digital financial services across Latin America for more than two decades, consolidating its commitment to providing inclusive financial solutions. With their joint efforts, they aim to improve the efficiency and accessibility of financial transactions across Colombia.
The partnership between Credibanco and Dock to launch Bre-B represents a significant advancement in the Colombian payment landscape. By integrating innovative technology and prioritizing security, Bre-B aims to facilitate real-time payments for all users, enhancing financial inclusion and efficiency across various sectors. This initiative is set to transform the way transactions are conducted in Colombia and promote overall economic progress.
Original Source: www.prnewswire.com
