• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Bre-B connects small cooperatives: from Guainía to a food stand in Bogotá

FinanceColombiaEL PAÍS35 s readAI summary
Image: EL PAÍS

Bre-B, the Banco de la República's instant payment system, marked one year on October 6 and connected cooperatives such as Cootregua, in Guainía, with banks and digital wallets. In its first year it processed more than 1.7 billion transfers worth over 262 trillion pesos, with 36 million users holding at least one registered key. Connected cooperatives rose from 81 at launch to 172 at the end of September.

In 35 seconds

  • Bre-B processed more than 1.7 billion transfers worth over 262 trillion pesos in its first year.
  • The system has 36 million users with at least one registered key, and monthly operations more than tripled.
  • Connected cooperatives rose from 81 at launch to 172 at the end of September.
Read the full story at EL PAÍS

IASummary generated by artificial intelligence from a story by EL PAÍS. It may contain errors: the original source prevails.

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