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Colombia

In Colombia, digital payment methods now account for three in four transactions. Digital wallets have shown an annual increase of 195% in payments since 2021, placing the country’s online sales market as the third largest in Latin America

Colombia flag

Population

51,516,562

Banked Population:

59.72%

Group 427321246

Main industries

Manufacturing, Textile & Fashion, Construction, Agriculture, Energy, Banking, and Service

Group 427321247

Main imports

Broadcasting Equipment, Refined Petroleum, Cars, Packaged Medicaments, and Corn

Group 427321248

Main exports

Crude & Refined Petroleum, Coal Briquettes, Coffee, and Gold

GDP stats

$6,104.1

Per capita (USD)

10.7%

Growth annually

38

World ranking

Internet usage

70%

Smartphone usage

65%

Credit/debit card usage

30%

Population transacting electronically

37%

Group 427321245 1

Total volume of digital payments projected to reach

$12.29B (USD)

Payment Methods in Colombia

All
  • All Methods
  • Cash
  • ONLINE
  • Wire Transfer

Movilred

Cash

Efecty

Cash

PSE

Online

Itau Corpbanca Colombia S.A.

Wire Transfer

Banco GNB Sudameris

Wire Transfer

Banco Santander de Negocios Colombia S.A.

Wire Transfer

BBVA Colombia Offline BT

Wire Transfer

Banco Colpatria

Wire Transfer

Bancolombia

Wire Transfer

BANCO BCSC SA Caja Social

Wire Transfer

Banco de Bogota

Wire Transfer

Banco Davivienda S.A.

Wire Transfer

Banco de Occidente

Wire Transfer

Banco Popular

Wire Transfer

Efecty

Cash

PSE

Online

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