Colombia's Bre-B instant payment system marks first year with 115.4M keys, $30T monthly volume

Colombia's central bank-managed Bre-B instant payment system has reached 115.4 million registered keys in its first year, with roughly $30 trillion circulating monthly and 76% of payments under $100,000. The milestone indicates rapid adoption of the country's real-time retail payment rail, which could influence financial inclusion and monetary policy transmission. The data, reported by BanRep's manager, is unverified independently but suggests a significant shift in Colombia's payments landscape.