35 Million Users Later, Bre-B Sets Its Sights on B2B Payments
Hey Payments Fanatic!
Bre-B, the Colombia's real-time network, has already crossed 35.5 million users and 1.32 billion transactions in a country of 52 million people. That's serious market penetration!
But that's not today's highlight. Bre-B is preparing for the next phase.
Bre-B is moving into business payments and collections, which will give companies the ability to receive money from any bank or digital wallet, with immediate availability, automatic reconciliation, and 24/7 settlement.
Colombian banks are already racing to win enterprise clients. AV Villas is targeting 17,000 businesses, BBVA is expanding acceptance across 30,000 merchants with Credibanco, and Bancolombia and Davivienda are building out B2B solutions with interoperable QR codes.
This is the same playbook Pix and UPI ran: Consumer adoption first, then commercial flows where the real volumes live. Bre-B is right on schedule.
And there's a cherry on top: the next phase could connect Bre-B to international systems for immediate cross-border transfers. Worth watching closely.
Scroll down for more 👇 See you tomorrow!
Cheers,
INSIGHTS
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NEWS
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🇨🇴 Bre-B shifts focus to enterprise payments as Colombian banks compete for corporate and merchant clients. The platform now exceeds 35.5 million users and 1.32 billion transactions, with banks deploying interoperable QR codes and instant settlement tools for businesses.
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🇺🇸 Flywire expands open banking payments support in the U.S. and Canada with Trustly. The partnership enables payers to securely authorize large payments directly from bank accounts without entering bank details manually.
🇳🇬 Verto selects Flagright for real-time transaction monitoring across its global payments infrastructure. Verto processes 25B+ payments annually and will use Flagright to monitor risk and run auditable investigations at scale.
🇬🇧 Equals appoints Edward Chandler as COO, strengthening its executive leadership team. Chandler joins the international payments company to oversee operations as it scales its cross-border and FX services.
🇺🇸 KAST names Stripe veteran Connor Fitzgerald to lead its U.S. business. Fitzgerald brings deep payments experience from Stripe to the crypto card company's American expansion as it scales stateside.
🇺🇸 Jennifer Bailey to retire after leading Apple Pay since its 2014 launch. Bailey oversaw Apple Pay, Apple Wallet, and Apple Card development across more than a decade at the company, shaping mobile payments for millions of users globally.
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