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Bre-B
Bre-B is Colombia's national instant payment system developed by Banco de la República to enable real-time account-to-account transfers across banks and financial institutions. Built around interoperable aliases and instant settlement, Bre-B is designed to reduce reliance on cash while creating a unified infrastructure for consumer, merchant and business payments throughout Colombia.
Method
Bre-B
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Bank Transfer
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
Yes
Authorization currency
COP
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
Real-time account-to-account transfers available 24/7 between participating financial institutions.
Bre-B creates a unified payment infrastructure connecting banks and regulated payment providers across Colombia.
