Bre-B system surpasses 100 million keys in six months

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 Banco de la República reported that Bre-B marked six months of operation this Monday, revolutionizing financial transfers with faster, simpler transactions.

Data as of April 5 reveals 34.66 million users and 103.38 million registered keys. A total of 638.69 million transactions have been completed, averaging $157,193 each.

Alphanumeric keys lead with 57.7 million (55.8%), followed by cell phone numbers (20.8 million, 20.1%), identity documents (13 million, 12.5%), email addresses (8.4 million, 8.1%), and merchant codes (3.6 million, 3.5%).

The report states an average of 1.5 keys per payment method and three per client, signaling deeper integration into daily financial life and progress in interoperability across institutions.

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Banco de Bogotá launched a new feature allowing customers to generate QR codes linked to their Bre-B keys for secure and simple payments. The tool is available to individuals, freelancers, and businesses from any bank or digital wallet. It aims to enable real-time collections without POS devices.

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Banco de Bogotá has enabled four collection solutions with interoperable QR codes through Bre-B. Colombian companies will be able to receive immediate payments from any financial entity and automate reconciliation.

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