This document compiles the best national and international practices on economic and financial inclusion and education. It includes…
Payment Systems and Banking Operations
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Over the past decade, instant payment systems have established themselves as essential infrastructure for modernizing the financial sector in emerging economies. Colombia has not been immune to this trend: the way Colombians make payments and transfers has shifted significantly.
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Over the past decade, instant payment systems have established themselves as essential infrastructure for modernizing the financial sector in emerging economies. Colombia has not been immune to this trend: the way Colombians make payments and transfers has shifted significantly.
- Publicación |
Bre‑B was built following a build‑on‑what‑exists approach, leveraging prior developments in the domestic payments market through the adoption of common rules, technical standards and a public–private governance arrangement aimed at addressing coordination failures and promoting interoperability…
- Noticias |
The interview, conducted by Renta4global Fiduciaria and published on its YouTube channel, notes: "In this fifth episode of Top Finance, our space for interviews with leaders of the financial sector, we spoke with Ana María Prieto, Director of the Payment Systems Department at Banco de la…
- Noticias |Starting on October 6, person-to-business payments will be made through the new Bre-B button or zone provided by financial institutions on their digital channels.
Banco de la República announces that the Bre-B operation continues to progress per the established timeline. On…
- Noticias |
In 2024, Colombia’s financial infrastructure provided its services adequately, supporting the normal operation of the payment system and financial market transactions, and contributing to the preservation of financial stability.
- Publicación |Financial Infrastructure in ColombiaPayment Infrastructure in Financial MarketsIn 2024, Banco de la República’s (the Central Bank of Colombia) large-value payment system (Deposit Accounts System, CUD by its Spanish acronym) exhibited greater dynamism. The average daily value of settled transactions…
- Noticias |
- Noticias |
Cartagena, June 4, 2025
I would like to begin by expressing my gratitude for this opportunity to take part in this event, and extend a very special greeting to Mr. Jonathan Malagón, president of Asobancaria, Mr. Javier Suárez, chairman of its Board of Directors, all the…
- Publicación |
Cartagena, June 4, 2025
I would like to begin by expressing my gratitude for this opportunity to take part in this event, and extend a very special greeting to Mr. Jonathan Malagón, president of Asobancaria, Mr. Javier Suárez, chairman of its Board of Directors, all the…
- Publicación |AbstractWe examine the optimal design of central bank digital currencies (CBDCs) by focusing on two key features: the anonymity-security trade-off and the remuneration (i.e., interest rate). Building on the extended model by Agur et al. (2022), which accounts for potential negative externalities…
- Noticias |
Starting in July 2025, the way in which transfers and instant payments are made in the Colombian financial system will be transformed thanks to the launch of Bre-B. This system will enable full interoperability in the country by allowing transactions to be conducted to and from any financial…
- Noticias |Banco de la República (the Central Bank of Colombia) and Colombia Fintech held an in-depth seminar on Bre-B and its benefits for technology-intensive and financial services initiatives and companies. Interoperability and proximity to fintech companies were the key aspects of the session, which…
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This technical document presents Banco de la República’s analysis of the relevance and risks of issuing a Central Bank…
- Publicación |The analysis shows how the demand for cash and checks from 1923 to 2023 was shaped by economic activity, inflation dynamics, the development of the financial system, technological innovation, and significant historical shocks such as wars, political instability, or the Covid-19 pandemic.
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In this paper, we study the coexistence of cash and electronic payments introducing some distortions in the payments markets to understand the widespread use of cash, specially in emerging countries. Following Lagos and Wright (2005) we model explicitly some frictions in…
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Every two years, the Banco de la República (the Central Bank of Colombia) conducts the National Survey on the Provision of Banknotes and Coins and Payment Instruments (Epbmip in Spanish), whose main purpose is to understand the perceptions of individuals (general public) and legal entities (…
- Publicación |Financial Infrastructure in ColombiaPayment Infrastructure in Financial MarketsIn 2023, Banco de la República’s (the Central Bank of Colombia) large-value payment system (Deposit Accounts System or CUD in Spanish) showed greater dynamism.
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Banco de la República (the Central Bank of Colombia) manages the clearing and settlement of checks in Colombia through a retail-value payment system known as Compensación de Cheques (CEDEC-CCSD in Spanish, Clearing and Settlement System for Checks and other Physical Payment Instruments), through…
