Colombia Bets Big on Instant Payments With Central Bank’s BRE-B | The City Paper Bogotá
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Colombia Bets Big on Instant Payments With Central Bank’s BRE-B | The City Paper Bogotá
In a country where 8 out of 10 daily transactions are still conducted in cash, Colombia is making a bold move to usher in the era of real-time digital payments. With the official launch in September of BRE-B – a centralized, free-to-use platform backed by the Central Bank – Colombia is aiming to unify its fragmented financial ecosystem and increase financial inclusion across urban and rural regions. The Banco de la República Electrónica, or BRE-…
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