- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- COP
- Network Participant
- Partner
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All banks in Colombia
- Cutoff & delivery timing
-
Same day credit subject to cutoff of 18:00 UTC
- Mandatory data requirements
- Remitter Name Remitter Identification Type Remitter Address Beneficiary Name Beneficiary Country Code Beneficiary Account Number Routing Code Value 1 Routing Code Type 1 - SWIFT CODE Remitter Account Type Remitter Identification Number Remitter Country Code Beneficiary Account Type Beneficiary Bank Account Type Beneficiary Identification Type Beneficiary Identification Value Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | COP 1 | COP 1 | COP 1 | COP 1 |
| Max | No limit | No limit | No limit | No limit |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- COP
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All Bre-B participating banks and wallets in Colombia. List Available
- Cutoff & delivery timing
-
Real Time, 24x7
- Mandatory data requirements
- Remitter Name Remitter Identification Type Remitter Country Code Remitter Identification Number Remitter Address Remitter Account Type Beneficiary Name Beneficiary Country Code Beneficiary Identification Type Beneficiary Identification Value Beneficiary Account Type Proxy Type Proxy Value* Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.
- Notes
-
1. Value for proxy type should be a. MOBILE b. EMAIL c. ID d. RANDOM KEY 2. Bre-B is Colombia's national instant payment system operated by Banco de la Republica. 3. Per-transaction limit set by Banco de la Republica is 1,000 UVB (12,110,000 COP) 4. Coverage spans 227+ Bre-B participating financial institutions and wallets in Colombia.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | COP 1 | COP 1 | COP 1 | COP 1 |
| Max | COP 12,110,000 | COP 12,110,000 | COP 12,110,000 | COP 12,110,000 |
- Supported Modes
- B2B, B2P, P2P, P2B
- Supported Currencies
- USD, EUR, SGD, GBP, AUD, CAD, HKD, JPY, CHF, NZD
- Network Participant
- Bank
- FX Source
- Live Interbank based rates available 24x7, including off-market hours
- Channels
- All SWIFT enabled banks in the country
- Cutoff & delivery timing
-
Same-day processing subject to cutoff of 07:30 UTC
- Mandatory data requirements
- Remitter Name Remitter Account Type Remitter Identification Type Remitter Identification Number Remitter Address Remitter Country Code Beneficiary Name Beneficiary Account Type Beneficiary Account Number Beneficiary Country Code Beneficiary Address Beneficiary City Beneficiary Postcode Routing Code Value 1 Routing Code Type 1 - SWIFT Code Remit Purpose Code
- Supporting Documents
- Remitter Beneficiary Relationship Nature of Business Duration of Contract Commercial Agreement Current Invoice
- Beneficiary Statement Narrative
-
- Ultimate Sender Name and narrative details will be passed as part of MT103 message to beneficiary bank.
- Details available on beneficiary statement will be dependent on beneficiary bank.
- Proof of Payment
-
MT103 can be considered as a proof of payment and can be provided on request
- Notes
-
WIRES can be sent to all countries except for OFAC listed. MT103 can be provided on request. NIUM does not support OUR charge type for CAD currency WIRES Processing of payments to Crimea, Donetsk, Luhansk, Sevastopol regions of Ukraine is prohibited. This list is subject to change.
| B2B | B2P | P2P | P2B | |
|---|---|---|---|---|
| Min | 0 | 0 | 0 | 0 |
| Max | No limit | No limit | No limit | No limit |