Customizable Credit Card Payments and Installments via Digital Keys

A Colombian financial institution has integrated credit card functionality into the Bre-B immediate payment system, allowing users to select specific credit cards for payments and define installment plans. This development shifts the Bre-B system away from its previous reliance on savings accounts for immediate transfers.

The new service enables customers to use digital keys to authorize payments and choose the number of installments for their credit card transactions, according to reports on the system’s updated capabilities.

Bre-B serves as the interoperable immediate payment system in Colombia, designed to facilitate real-time transfers between different financial entities. By incorporating credit card options, the system expands the liquidity sources available to users at the point of sale or during peer-to-peer transfers.

Under the previous operational model, Bre-B transactions were primarily tied to savings accounts. The current update allows for a diversification of payment methods, specifically integrating credit lines into the immediate payment flow.

The ability to define installments directly within the payment interface provides users with credit management tools during the transaction process, rather than requiring a separate adjustment through a banking app after the purchase is completed.