Online banking penetration in Colombia 2019-2023, with forecasts to 2029
The penetration rate of online banking in Colombia increased significantly between 2019 and 2023, but remained relatively low, under 10 percent. According to Statista, in 2023, just over eight percent of the population used online banking. Statista estimates that the penetration rate will increase further in the coming years, reaching 16 percent by 2029.