Digital payments refer to any form of cashless payment or payments conducted without banknotes or coins in either an online or offline environment. This can include mobile payments (digital payments performed with a mobile device), fintech (such companies tend to be at the forefront of payment digitalization), or relatively young trends like buy now, pay later (BNPL) or cryptocurrency. Out of all these cashless options, which developments are noteworthy to know about for Colombia?
Digital payments landscape in Colombia - statistics & facts
Digital payments refer to any form of cashless payment or payments conducted without banknotes or coins in either an online or offline environment. This can include mobile payments (digital payments performed with a mobile device), fintech (such companies tend to be at the forefront of payment digitalization), or relatively young trends like buy now, pay later (BNPL) or cryptocurrency. Out of all these cashless options, which developments are noteworthy to know about for Colombia?
Key insights
- Forecasted number of digital payment transactions in Latin America
- 190bn
Detailed statistics
Number of digital payments worldwide 2013-2021 with forecasts to 2027, by region
- Credit card penetration in Colombia
- 13.2%
Detailed statistics
Credit card penetration in 161 countries worldwide 2011, 2014, 2017, 2021
- Buy now, pay later market share in domestic e-commerce in Colombia
- 1%
Detailed statistics
Buy now, pay later (BNPL) share in e-commerce in 41 countries worldwide 2016-2023
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Market share
5
- Premium Statistic Annual currency in circulation (CIC) to GDP ratio of Colombia 2001-2022
- Premium Statistic Most used in-store (POS) payment methods in Colombia 2017-2023, with 2027 forecast
- Premium Statistic Payments at points of sale by type in Colombia 2023
- Premium Statistic Most used e-commerce payment methods in Colombia 2016-2023, with 2027 forecast
- Premium Statistic Most common online payments by type in Colombia 2023
Market share
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Annual currency in circulation (CIC) to GDP ratio of Colombia 2001-2022
Annual currency in circulation (CIC) to GDP ratio of Colombia 2001-2022
Share of currency in circulation (CIC) to the nominal GDP of Colombia from 2001 to 2022
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Premium Statistic
Most used in-store (POS) payment methods in Colombia 2017-2023, with 2027 forecast
Most used in-store (POS) payment methods in Colombia 2017-2023, with 2027 forecast
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Colombia from 2017 to 2023, with a forecast for 2027
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Payments at points of sale by type in Colombia 2023
Payments at points of sale by type in Colombia 2023
Payments at points of sale by type in Colombia as of June 2023
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Most used e-commerce payment methods in Colombia 2016-2023, with 2027 forecast
Most used e-commerce payment methods in Colombia 2016-2023, with 2027 forecast
Market share of cash, credit cards, and other payment methods during online shopping in Colombia from 2016 to 2023, with a forecast for 2027
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Most common online payments by type in Colombia 2023
Most common online payments by type in Colombia 2023
Most common online payments by type in Colombia as of June 2023
Penetration
5
- Premium Statistic Penetration rate of credit cards in Colombia 2014-2029
- Premium Statistic Penetration rate of debit cards in Colombia 2014-2029
- Premium Statistic Annual crypto adoption development in Colombia 2020-2023, by metric
- Premium Statistic Cross-border vs. domestic e-commerce in Latin America in 2023, by country
- Premium Statistic Quarterly market share of incoming digital remittances in Colombia 2016-2023
Penetration
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Penetration rate of credit cards in Colombia 2014-2029
Penetration rate of credit cards in Colombia 2014-2029
Penetration rate of credit cards in Colombia from 2014 to 2029
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Premium Statistic
Penetration rate of debit cards in Colombia 2014-2029
Penetration rate of debit cards in Colombia 2014-2029
Penetration rate of debit cards in Colombia from 2014 to 2029
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Annual crypto adoption development in Colombia 2020-2023, by metric
Annual crypto adoption development in Colombia 2020-2023, by metric
Crypto Adoption Index ranking of Colombia from 2020 to 2023, by metric
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Cross-border vs. domestic e-commerce in Latin America in 2023, by country
Cross-border vs. domestic e-commerce in Latin America in 2023, by country
Distribution of cross-border vs. domestic e-commerce in Latin America in 2023, by country
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Quarterly market share of incoming digital remittances in Colombia 2016-2023
Quarterly market share of incoming digital remittances in Colombia 2016-2023
Share of digitally initiated remittances in Colombia from 2nd quarter 2016 to 3rd quarter 2023, based on remittance inflow from any other country
Biggest brands
5
- Premium Statistic Biggest international and domestic payment card schemes in Colombia 2016-2022
- Premium Statistic Biggest buy now, pay later (BNPL) apps in Colombia 2015-2023, based on downloads
- Premium Statistic Biggest cryptocurrency wallets in Colombia 2015-2023, based on downloads
- Premium Statistic Biggest A2A payments brands in Latin America in 2023, based on number of transactions
- Premium Statistic Quarterly market share of incoming remittance brands in Colombia 2011-2023
Biggest brands
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Premium Statistic
Biggest international and domestic payment card schemes in Colombia 2016-2022
Biggest international and domestic payment card schemes in Colombia 2016-2022
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Colombia from 2016 to 2022
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Premium Statistic
Biggest buy now, pay later (BNPL) apps in Colombia 2015-2023, based on downloads
Biggest buy now, pay later (BNPL) apps in Colombia 2015-2023, based on downloads
Biggest buy now, pay later (BNPL) apps in Colombia from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads
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Premium Statistic
Biggest cryptocurrency wallets in Colombia 2015-2023, based on downloads
Biggest cryptocurrency wallets in Colombia 2015-2023, based on downloads
Biggest wallets for cryptocurrency storage in Colombia from 1st quarter of 2015 to 4th quarter of 2023, by number of downloads
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Biggest A2A payments brands in Latin America in 2023, based on number of transactions
Biggest A2A payments brands in Latin America in 2023, based on number of transactions
Brands with the highest number of A2A payments transactions per month in Latin America in 2023 (in millions)
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Quarterly market share of incoming remittance brands in Colombia 2011-2023
Quarterly market share of incoming remittance brands in Colombia 2011-2023
Biggest brands for remittances in Colombia from 1st quarter 2011 to 3rd quarter 2023, based on remittance inflow from any other country
Users
4
- Premium Statistic Annual credit card and debit cards issued in Colombia 2019-2022
- Premium Statistic Triennial credit card penetration in Colombia 2011-2024, by demographic
- Premium Statistic Triennial debit card penetration in Colombia 2011-2024, by demographic
- Premium Statistic Quarterly number of crypto users in Colombia 2021-2022
Users
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Premium Statistic
Annual credit card and debit cards issued in Colombia 2019-2022
Annual credit card and debit cards issued in Colombia 2019-2022
Total number of credit cards and debit cards in circulation in Colombia from 2019 to 2022
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Triennial credit card penetration in Colombia 2011-2024, by demographic
Triennial credit card penetration in Colombia 2011-2024, by demographic
Share of individuals who own a credit card in Colombia in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level
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Triennial debit card penetration in Colombia 2011-2024, by demographic
Triennial debit card penetration in Colombia 2011-2024, by demographic
Share of individuals who own a debit card in Colombia in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level
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Quarterly number of crypto users in Colombia 2021-2022
Quarterly number of crypto users in Colombia 2021-2022
Estimated number of people who hold or trade cryptocurrency in Colombia from 4th quarter of 2021 to 4th quarter of 2022
Transaction value
4
- Premium Statistic Annual credit card spending in Colombia 2013-2022, in local currency and USD
- Premium Statistic Annual debit card spending in Colombia 2013-2022, in local currency and USD
- Premium Statistic Annual buy now, pay later (BNPL) spending in Colombia in 2023, with a 2029 forecast
- Premium Statistic Annual value of outgoing and incoming remittance flow in Colombia 2021, by country
Transaction value
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Premium Statistic
Annual credit card spending in Colombia 2013-2022, in local currency and USD
Annual credit card spending in Colombia 2013-2022, in local currency and USD
Value of credit card transactions for payments in Colombia from 2013 to 2022 (in million Colombian pesos, and estimates in U.S. dollars)
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Premium Statistic
Annual debit card spending in Colombia 2013-2022, in local currency and USD
Annual debit card spending in Colombia 2013-2022, in local currency and USD
Value of debit card transactions for payments in Colombia from 2013 to 2022 (in million Colombian pesos, and estimates in U.S. dollars)
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Premium Statistic
Annual buy now, pay later (BNPL) spending in Colombia in 2023, with a 2029 forecast
Annual buy now, pay later (BNPL) spending in Colombia in 2023, with a 2029 forecast
Estimated transaction value of buy now, pay later (BNPL) in Colombia in 2023, with forecasts for 2024 and 2029 (in million U.S. dollars)
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Annual value of outgoing and incoming remittance flow in Colombia 2021, by country
Annual value of outgoing and incoming remittance flow in Colombia 2021, by country
Value of personal remittances sent from/to Colombia to/from other countries or territories worldwide in 2021 (in million U.S. dollars)
Number of transactions
6
- Premium Statistic Annual number of credit card transactions in Colombia 2013-2022, per capita
- Premium Statistic Annual number of debit card transactions in Colombia 2013-2022, per capita
- Premium Statistic Annual number of real-time payments in Colombia in 2022, with a 2027 forecast
- Premium Statistic Size of a credit card transaction in Colombia 2013-2022, in local currency and USD
- Premium Statistic Size of a debit card transaction in Colombia 2013-2022, in local currency and USD
- Premium Statistic Average fintech transaction value per user in Colombia 2020-2028
Number of transactions
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Premium Statistic
Annual number of credit card transactions in Colombia 2013-2022, per capita
Annual number of credit card transactions in Colombia 2013-2022, per capita
Total number of credit card transactions processed for payments in Colombia from 2013 to 2022
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Premium Statistic
Annual number of debit card transactions in Colombia 2013-2022, per capita
Annual number of debit card transactions in Colombia 2013-2022, per capita
Total number of debit card transactions processed for payments in Colombia from 2013 to 2022
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Premium Statistic
Annual number of real-time payments in Colombia in 2022, with a 2027 forecast
Annual number of real-time payments in Colombia in 2022, with a 2027 forecast
Total number of real-time (instant) payments in Colombia in 2022, with a forecast for 2027
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Premium Statistic
Size of a credit card transaction in Colombia 2013-2022, in local currency and USD
Size of a credit card transaction in Colombia 2013-2022, in local currency and USD
Average value of a credit card transaction in Colombia from 2013 to 2022 (in Colombian pesos, and estimates in U.S. dollars)
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Premium Statistic
Size of a debit card transaction in Colombia 2013-2022, in local currency and USD
Size of a debit card transaction in Colombia 2013-2022, in local currency and USD
Average value of a debit card transaction in Colombia from 2013 to 2022 (in Colombian pesos, and estimates in U.S. dollars)
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Premium Statistic
Average fintech transaction value per user in Colombia 2020-2028
Average fintech transaction value per user in Colombia 2020-2028
Average fintech transaction value per user in Colombia from 2020 to 2028, by segment (in U.S. dollars)
Miscellaneous
5
- Basic Statistic Annual number of ATMs in Colombia 2008-2022
- Premium Statistic Annual number of POS terminals in Colombia 2008-2022
- Premium Statistic Triennial unbanked population share in Colombia 2011-2024, by demographic
- Premium Statistic Internet users in Colombia 2020-2029
- Premium Statistic Revenue of the e-commerce industry in Colombia 2020-2029
Miscellaneous
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Basic Statistic
Annual number of ATMs in Colombia 2008-2022
Annual number of ATMs in Colombia 2008-2022
Number of ATMs provided by resident PSPs in Colombia from 2008 to 2022
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Annual number of POS terminals in Colombia 2008-2022
Annual number of POS terminals in Colombia 2008-2022
Total number of POS terminals reported in Colombia from 2008 to 2022
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Triennial unbanked population share in Colombia 2011-2024, by demographic
Triennial unbanked population share in Colombia 2011-2024, by demographic
Share of unbanked individuals in Colombia in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level
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Premium Statistic
Internet users in Colombia 2020-2029
Internet users in Colombia 2020-2029
Number of internet users in Colombia from 2020 to 2029 (in millions)
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Premium Statistic
Revenue of the e-commerce industry in Colombia 2020-2029
Revenue of the e-commerce industry in Colombia 2020-2029
Revenue of the e-commerce market in Colombia from 2020 to 2029 (in billion U.S. dollars)
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