The Ministry of Finance issued Decree 1069 of October 15, 2025, which amends Book 17, Part 2 of Decree 2555 of 2010, introducing a new regulatory framework for payment orders and funds transfers aimed at strengthening the interoperability, efficiency, and security of Colombia’s low-value payment system.

The decree establishes the obligation for entities supervised by the Financial Superintendence of Colombia that hold more than 1.5 million active demand deposit accounts to offer their clients the service of instant inter-entity transfers, in accordance with the definition of a “Low-Value Instant Payment System” set forth by the Central Bank of Colombia (Banco de la República). It also sets minimum monthly service availability levels ranging from 99.0% to 99.5% for issuing and receiving entities, depending on their number of active deposit products, and regulates procedures for refunds, reversals, and fraud management in intra-entity operations.

In addition, the decree creates the National Payments Council, a public-private consultative body responsible for issuing recommendations to promote the development, innovation, and security of the national payments ecosystem. The Council will include financial authorities, the URF, the Central Bank, the Superintendence of the Solidarity Economy, and representatives from the private sector, including acquirers, payment franchises, payment initiators, and low-value payment system administrators.

Finally, the decree also regulates payment orders and funds transfers that are not processed through low-value payment systems, establishing reporting, risk management, and technical standards for bilateral clearing and settlement arrangements. It further includes a phased transition regime of up to 36 months for compliance with the new requirements, depending on each entity’s size and characteristics.