Movistar enables immediate payments with Bre-B alongside Cobre

A new era of business payments is beginning in Colombia: connectivity, speed, and financial expertise are coming together to transform how companies receive payments from their customers. The rollout of payments using interoperable keys—built on Bre-B, the Banco de la República’s new instant payment system—is no longer just a pilot project, but an accessible tool for corporations seeking frictionless operations, regardless of which bank their users pay from.

Key takeaways

• Movistar will be the first telecommunications company in Colombia to enable service payments using dynamic keys via Bre-B, connected through the Cobre platform.
• This integration allows bills to be paid in real time by generating a Bre-B key that the user enters through their bank or digital wallet, eliminating clearing times and banking hours.
• Cobre’s approach makes it easy for companies to receive immediate payments 24/7/365 without changing their internal systems, and Cobre acts as an orchestrator and reconciler between the financial ecosystem and the business.

How does this impact retailers and businesses?

Bre-B changes the way service and product providers handle payments: they no longer rely on slow, fragmented traditional channels and can now accept interoperable payments in seconds. For companies with thousands of daily transactions, this translates to improved liquidity, simpler processes, and customer experiences that meet modern expectations. From Cobre’s perspective, the launch of Bre-B also confirms that the regional infrastructure is ready for companies of all sizes—from SMEs to multinationals—to seamlessly adopt instant payments, complete with traceability and integrated automated reconciliation.

Read the full coverage in La República.