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South America · COP · 3 routes

Payouts to Colombia

Imported payout availability and route requirements

Payout destination · CO

Colombia

South America · COP

Supported payout methods

Supported currencies

COP

Cutoff & delivery timing

Same day · Same day credit subject to cutoff of 18:00 UTC · B2B · B2P · P2P · P2B

Transaction limit per end-user B2BB2PP2PP2B
MinCOP 1COP 1COP 1COP 1
MaxNot specifiedNot specifiedNot specifiedNot specified

Route details

Select a supported mode

Beneficiary statement narrative

Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.

Network participant

Partner

FX source

Live Interbank based rates available 24x7, including off-market hours

Channels

All banks in Colombia

Routing code

SWIFT

Mandatory data requirements

REMITTER

NameIdentification TypeAddressAccount TypeIdentification NumberCountry Code

BENEFICIARY

NameCountry CodeAccount NumberAccount TypeBank Account TypeIdentification TypeIdentification Value

ROUTING

Code Value 1Code Type 1 - SWIFT CODE

OTHER

Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

LOCAL · Business to business · CORPORATE

Beneficiary statement narrative

Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.

Network participant

Partner

FX source

Live Interbank based rates available 24x7, including off-market hours

Channels

All banks in Colombia

Routing code

SWIFT

Mandatory data requirements

REMITTER

NameIdentification TypeAddressAccount TypeIdentification NumberCountry Code

BENEFICIARY

NameCountry CodeAccount NumberAccount TypeBank Account TypeIdentification TypeIdentification Value

ROUTING

Code Value 1Code Type 1 - SWIFT CODE

OTHER

Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

LOCAL · Business to person · INDIVIDUAL

Beneficiary statement narrative

Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.

Network participant

Partner

FX source

Live Interbank based rates available 24x7, including off-market hours

Channels

All banks in Colombia

Routing code

SWIFT

Mandatory data requirements

REMITTER

NameIdentification TypeAddressAccount TypeIdentification NumberCountry Code

BENEFICIARY

NameCountry CodeAccount NumberAccount TypeBank Account TypeIdentification TypeIdentification Value

ROUTING

Code Value 1Code Type 1 - SWIFT CODE

OTHER

Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

LOCAL · Person to person · INDIVIDUAL

Beneficiary statement narrative

Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.

Network participant

Partner

FX source

Live Interbank based rates available 24x7, including off-market hours

Channels

All banks in Colombia

Routing code

SWIFT

Mandatory data requirements

REMITTER

NameIdentification TypeAddressAccount TypeIdentification NumberCountry Code

BENEFICIARY

NameCountry CodeAccount NumberAccount TypeBank Account TypeIdentification TypeIdentification Value

ROUTING

Code Value 1Code Type 1 - SWIFT CODE

OTHER

Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

LOCAL · Person to business · CORPORATE

Supported currencies

COP

Cutoff & delivery timing

Instant · Real Time, 24x7 · B2B · B2P · P2P · P2B

Transaction limit per end-user B2BB2PP2PP2B
MinCOP 1COP 1COP 1COP 1
MaxCOP 12,110,000COP 12,110,000COP 12,110,000COP 12,110,000

Route details

Select a supported mode

Beneficiary statement narrative

Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.

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

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.

Mandatory data requirements

REMITTER

NameIdentification TypeCountry CodeIdentification NumberAddressAccount Type

BENEFICIARY

NameCountry CodeIdentification TypeIdentification ValueAccount Type

OTHER

Proxy TypeProxy Value*Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

proxyBreB · Business to business · CORPORATE

Beneficiary statement narrative

Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.

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

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.

Mandatory data requirements

REMITTER

NameIdentification TypeCountry CodeIdentification NumberAddressAccount Type

BENEFICIARY

NameCountry CodeIdentification TypeIdentification ValueAccount Type

OTHER

Proxy TypeProxy Value*Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

proxyBreB · Business to person · INDIVIDUAL

Beneficiary statement narrative

Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.

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

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.

Mandatory data requirements

REMITTER

NameIdentification TypeCountry CodeIdentification NumberAddressAccount Type

BENEFICIARY

NameCountry CodeIdentification TypeIdentification ValueAccount Type

OTHER

Proxy TypeProxy Value*Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

proxyBreB · Person to person · INDIVIDUAL

Beneficiary statement narrative

Domestic Clearing System limits ability to transfer full remitter information to the Beneficiary. Visibility of Standard Statement Narration is missing.

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

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.

Mandatory data requirements

REMITTER

NameIdentification TypeCountry CodeIdentification NumberAddressAccount Type

BENEFICIARY

NameCountry CodeIdentification TypeIdentification ValueAccount Type

OTHER

Proxy TypeProxy Value*Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

proxyBreB · Person to business · CORPORATE

Supported currencies

USD EUR SGD GBP AUD CAD HKD JPY CHF NZD

Cutoff & delivery timing

T1 · Same-day processing subject to cutoff of 07:30 UTC · B2B · B2P · P2P · P2B

Transaction limit per end-user B2BB2PP2PP2B
MinNot specifiedNot specifiedNot specifiedNot specified
MaxNot specifiedNot specifiedNot specifiedNot specified

Route details

Select a supported mode

Beneficiary statement narrative

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Network participant

Bank

FX source

Live Interbank based rates available 24x7, including off-market hours

Channels

All SWIFT enabled banks in the country

Routing code

SWIFT

Proof of payment

pacs.008 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.

pacs.008 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.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

Mandatory data requirements

REMITTER

NameAccount TypeIdentification TypeIdentification NumberAddressCountry Code

BENEFICIARY

NameAccount TypeAccount NumberCountry CodeAddressCityPostcodeAddress (Recommended)City (Recommended)Postcode (Recommended)

ROUTING

Code Value 1Code Type 1 - SWIFT Code

OTHER

Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

SWIFT · Business to business · CORPORATE

Beneficiary statement narrative

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Network participant

Bank

FX source

Live Interbank based rates available 24x7, including off-market hours

Channels

All SWIFT enabled banks in the country

Routing code

SWIFT

Proof of payment

pacs.008 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.

pacs.008 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.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

Mandatory data requirements

REMITTER

NameAccount TypeIdentification TypeIdentification NumberAddressCountry Code

BENEFICIARY

NameAccount TypeAccount NumberCountry CodeAddressCityPostcodeAddress (Recommended)City (Recommended)Postcode (Recommended)

ROUTING

Code Value 1Code Type 1 - SWIFT Code

OTHER

Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

SWIFT · Business to person · INDIVIDUAL

Beneficiary statement narrative

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

Network participant

Bank

FX source

Live Interbank based rates available 24x7, including off-market hours

Channels

All SWIFT enabled banks in the country

Routing code

SWIFT

Proof of payment

pacs.008 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.

pacs.008 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.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

Mandatory data requirements

REMITTER

NameAccount TypeIdentification TypeIdentification NumberAddressCountry Code

BENEFICIARY

NameAccount TypeAccount NumberCountry CodeAddressCityPostcodeAddress (Recommended)City (Recommended)Postcode (Recommended)

ROUTING

Code Value 1Code Type 1 - SWIFT Code

OTHER

Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

SWIFT · Person to person · INDIVIDUAL

Beneficiary statement narrative

Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank. Details available on beneficiary statement will be dependent on beneficiary bank.

[{Ultimate Sender Name and narrative details will be passed as part of pacs.008 message to beneficiary bank.}, { Details available on beneficiary statement will be dependent on beneficiary bank.}]

Network participant

Bank

FX source

Live Interbank based rates available 24x7, including off-market hours

Channels

All SWIFT enabled banks in the country

Routing code

SWIFT

Proof of payment

pacs.008 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.

pacs.008 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.

For foreign currency wire currencies USD, EUR, GBP - NIUM supports both OUR and SHA fee type while for other currencies AUD, CAD, CHF, JPY, NZD, HKD, SGD - NIUM supports only SHA fee type

Mandatory data requirements

REMITTER

NameAccount TypeIdentification TypeIdentification NumberAddressCountry Code

BENEFICIARY

NameAccount TypeAccount NumberCountry CodeAddressCityPostcodeAddress (Recommended)City (Recommended)Postcode (Recommended)

ROUTING

Code Value 1Code Type 1 - SWIFT Code

OTHER

Remit Purpose Code

Supporting documents

Remitter Beneficiary RelationshipNature of BusinessDuration of ContractCommercial AgreementCurrent Invoice

Route source

SWIFT · Person to business · CORPORATE

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