Thunes Launches Real-Time Cross-Border Payments in Colombia via Bre-B System

Global payment platform Thunes, headquartered in Singapore, has announced the launch of its real-time cross-border payment capabilities in Colombia through Bre-B, the nation’s new instant payment system developed by Banco de la Republica, Colombia’s Central Bank. This collaboration marks a pivotal step in making international transactions faster, interoperable, and accessible, reinforcing Thunes’ dedication to connecting and supporting real-time payment (RTP) systems worldwide while promoting financial inclusion.

Revolutionizing Cross-Border Payments in Colombia

The integration of Bre-B into Thunes’ Direct Global Network signals a transformative shift for Colombia’s financial ecosystem. Bre-B enables instant money transfers between banks, cooperatives, digital wallets, and fintech services, functioning 24/7. Officially launched on October 6, 2023, this innovative system already has an impressive adoption, with over 30 million Colombians, equivalent to 76% of the nation’s adult population, onboarded. Thunes’ role in enabling these real-time cross-border payments further positions the platform as a leader in global financial network modernization.

Accelerating Colombia’s Digital Transformation

Despite 78% of transactions in Colombia remaining cash-based, the country is experiencing a rapid shift towards digital financial services. With more than 92% of Colombians having bank accounts and the growing popularity of mobile wallets, Bre-B is poised to build a more digital-first and inclusive economy. By being one of the first global platforms to leverage this system, Thunes is facilitating faster, more reliable transactions for businesses and consumers alike, enhancing connectivity and accessibility in Colombia’s financial landscape.

Thunes’ Commitment to Financial Inclusion

Thunes has consistently demonstrated its commitment to bridging gaps in the financial systems of developing and modern economies. The company’s proprietary global payment network connects legacy systems to new technologies, fostering an interconnected payment infrastructure. By adding Bre-B capabilities to its portfolio, Thunes is not only supporting Colombia’s drive towards modernization but also contributing to the global push for financial inclusion, enabling technologies that allow seamless, affordable money movement on a worldwide scale.

This milestone is a testament to Thunes’ mission to empower individuals and businesses by providing real-time payment solutions that match the demands of a fast-evolving digital economy. As Colombia continues its journey of financial innovation, collaborations like this will pave the way for a future where secure, instant, and borderless transactions become the global standard.