Banco de la República awarded for Bre-B in Central Banking Awards 2026

The Banco de la República received an award in the Central Banking Awards 2026 for the Bre-B system, in the retail payments and market infrastructure development category. This recognition highlights advances in interoperable instant payments in Colombia.

The Banco de la República was recognized in the Central Banking Awards 2026 for Bre-B, a federated instant payments system that modernizes electronic transaction infrastructure in the country. The award, given in the “Development of payments and market infrastructure, retail segment” category, highlights success due to careful planning and a regulatory framework encouraging financial entities' participation, according to Central Banking. Ana María Prieto, director of payment systems at the Banco de la República, is mentioned in the context of the achievement. “This recognition underscores our constant efforts to complement our high-value payment infrastructures with a fully interoperable fast payment system, Bre-B, which facilitates retail electronic transactions for all Colombians,” stated the general manager of the Banco de la República. The project began over three years ago, became operational in 2025, and is progressing as planned, positioning Colombia as a regional benchmark for fast and interoperable digital payment solutions. Over three million merchants have joined Bre-B, boosting financial inclusion.

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Following its January hike to 10.25%, Colombia's Banco de la República raised its intervention rate by another 100 basis points to 11.25% in a tight 4-3 vote during its second meeting of the year. Finance Minister Germán Ávila walked out of the board meeting and announced the government's withdrawal from the central bank over disagreements. President Gustavo Petro backed the move and criticized the monetary policy.

GOU Payments, a Grupo Aval company, has received certification from Banco de la República to operate in the Bre-B instant payments system. The approval verifies its technological, operational, and security capabilities for 24/7 instant payments. The fintech aims to boost financial inclusion in Colombia.

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The interoperable payments system Bre-B, operated by Colombia's Banco de la República, hit 103.38 million registered keys in its first six months, per data as of April 5. The report notes an average of three keys per client and 34.66 million users. It has processed 638.69 million transactions averaging $157,193.

Colombia's Ministry of Commerce, Industry and Tourism and Bancóldex launched a 100 million dollar credit line to support trade operations with Venezuela. The measure aims to strengthen financial mechanisms between the two countries.

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David Vélez, CEO of Nu Holdings and founder of Nubank, accepted the Empresario del Año 2025 award from La República at a ceremony in Bogotá, following last week's announcement recognizing his role in digital banking innovation. In his speech, he stressed the private sector's importance for Colombia's growth and criticized regulations excluding millions from formal credit.

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