Payroll disbursements to employees, or payments to suppliers or users, should not depend on the bank where they hold their account. Nor should it take days or require complete bank details for each transaction. However, for many companies in Colombia, this remains the operational reality.
Bre-B, Colombia’s instant payment infrastructure, completely changed the landscape through its payment keys, allowing funds to arrive in real time, 24 hours a day, 7 days a week, regardless of which bank the recipient uses.
Why does Bre-B simplify corporate disbursements?
Companies that make recurring payments face challenges that go beyond bank fees:
| Challenges with traditional disbursements |
Operational impact |
Solution with Bre-B Keys |
| Reliance on complete bank details |
Costly and error-prone processes due to the need for manual updates in case of changes. |
Use of a single key for the recipient, which remains unchanged regardless of the financial institution where their account is held. |
| Waiting times in ACH cycles |
Processing windows that span one or more business days, delaying urgent payments such as advances or refunds. |
Funds transferred in seconds, ensuring immediate availability and 24/5 operation 265 days a year for businesses. |
| Non-scalable manual processes |
Increased transaction volume amplifies inefficiencies, increasing the operational burden and the risk of errors in the finance team. |
Seamless management of large payment volumes with full traceability thanks to the immediate mass-disperse infrastructure. |
