Bre-BColombia’s answer to Pix: a public instant payment rail with key-based addressing (llave), interoperable QR codes, and mandatory participation for institutions. Originally targeted for the first half of 2025, it was postponed several times. The full interoperability mechanism opened on September 23, 2025, and mass operation began on October 6, 2025, followed by a very fast ramp-up. It reshuffles the deck against the closed wallets Nequi and Daviplata, which now have to interoperate.Banco de la República · since 2025More than 617 million transactions worth more than COP 97 trillion, and 234 participating entities, at the six-month review (Banco de la República, April 2026); growth from 1.5 million to 5 million transactions a day and 105 million registered llaves by the seventh month (Banco de la República, May 2026); more than 90,000 merchants with a llave at the end of April 2026
Global registry · Latin America · South America
Colombia Payment systems
10 systems listed.
CurrencyColombian peso (COP)
RegulatorBanco de la República / Superintendencia Financiera
Leading payment methods
A2A (PSE)CardsWallets (Nequi, Daviplata)Cash (Efecty)
E-commerce shares
Cards · 35%Account-to-account · 30%Wallets · 20%Cash · 10%Other · 5%
PSE + Nequi. PSE (account debits through online banking) has been a pillar of e-commerce for 20 years. The Nequi and Daviplata wallets each have more than 15 million users. The new public instant rail Bre-B (2025), modeled on Pix, is designed to connect them all.
Nequi users≈27M (end of 2025)
Daviplata users>15M
Bre-Bpublic instant rail launched in 2025
Bre-B is the experiment to watch: Colombia’s central bank is applying the Brazilian recipe (aliases, free P2P, a single brand) to a market already crowded with wallets.
Learn about this market. The guides and courses that cover it.
Payments in ColombiaPayments in the Caribbean and Central AmericaPayments in Argentina, Chile, and UruguayPayments in Mexico and the AndesPayments in Peru, Bolivia, and EcuadorPayment success rates and what drives themAccepting payments in Argentina and ChileAccepting payments in Colombia and PeruPayments in Latin America: Pix, cash, and cuotasOpening a new market: the payments playbookCollecting payments for the public sectorCollecting fares on public transit
Instant payments
PSE (Pagos Seguros en Línea)Credit transfer initiation for e-commerce that redirects customers to their bank, and the de facto standard for online payments in Colombia for 20 years. Bre-B directly threatens its position by offering the same service instantly and at lower cost.ACH Colombia S.A. · since 2001
TransfiyaColombia’s first attempt at instant interbank P2P, addressed by phone number. Adoption stayed modest without a regulatory mandate, which led the central bank to build Bre-B as a mandatory public rail. Its medium-term future is uncertain.ACH Colombia S.A. · since 2019
Clearing and settlement
CENITPublic automated clearing house, used mainly for government payments (salaries, subsidies, pensions). It coexists with the private ACH Colombia: Colombia has two ACHs, one public and one owned by the banks.Banco de la República · since 1993
Wallets
DaviplataA low-value deposit wallet (depósito de bajo monto), historically the channel for the Colombian government’s social transfers. Its simplified account model with light KYC became the regulatory template for the entire Andean region.Banco Davivienda · since 2011
NequiColombia’s most widely used wallet, now a standalone bank. Its nearly closed ecosystem was the main argument for Bre-B: it had to interoperate. A case study of a neobank that reached scale by being incubated inside a large banking group.Nequi S.A. (spun off from Bancolombia, with its own banking license) · since 2016
MOViiA Colombian wallet operating under a SEDPE license, a deposit and e-payments license with no lending, created specifically for financial inclusion. It is key to understanding Colombia’s regulatory architecture: alongside the bank wallets Nequi and Daviplata, SEDPEs form a separate category with lighter prudential requirements and a narrower scope of activity.MOVii (licensed as a SEDPE (Sociedad Especializada en Depósitos y Pagos Electrónicos) by the Superintendencia Financiera de Colombia)
Buy now, pay later
AddiColombia’s leading installment payment provider: buy on installments with no card and no paperwork, in physical stores and online. It targets customers with no credit history. Colombia had point-of-sale credit long before it had the term “BNPL.”Addimore than 35,000 physical and online points of sale and more than 3 million Colombian customers (Addi, 2026)
Acquiring and processing
Credibanco and RedebanColombia’s two acquiring networks and domestic switches, long owned by the banks and tied to the Visa and Mastercard licenses, respectively. They now serve as access points to Bre-B for merchants and businesses.Credibanco S.A. / Redeban Multicolor S.A. (RBM) · since 1970
Other
CUD (Sistema de Cuentas de Depósito)Colombia’s RTGS, where CENIT, ACH Colombia, and Bre-B balances settle. It is the access point for any institution that wants to settle in central bank money.Banco de la República · since 1993