Most used payment methods for cross-border e-commerce in Colombia 2020

Published by
Stephanie Chevalier,
Mar 22, 2022
During a 2020 survey, 55 percent of digital shoppers in Colombia said that credit cards were their preferred way to pay for international online purchases, whereas 46 percent stated they would rather use Pagos Seguros en Línea (PSE), an alternative type of bank transfer. That year, online shoppers in the South American country were expected to have spent approximately 5.5 billion U.S. dollars on e-commerce while using international credit cards.

Leading payment methods for cross-border e-commerce in Colombia in 2020

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Source

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Release date

December 2020

Region

Colombia

Survey time period

November 2 and 15, 2020

Number of respondents

3,280 Latin Americans who purchased from international online merchants*

Special properties

Multiple answers were possible

Supplementary notes

* The majority of the respondents were from Brazil, Mexico, Colombia, and Chile.

The source does not provide information regarding the age of respondents or type of study conducted.

This question was phrased by the source as follows: "What payment method(s) do you prefer to use for online shopping on international websites?"

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