Unlike many countries in the world, Mastercard had a higher market share for offline and online payments in Colombia than Visa. The two brands dominate card payments, with MasterCard generally having a market share of 55 percent compared to 40 to 45 percent for Visa. Debit cards in Colombia became increasingly popular from 2020 onwards, although credit cards are still preferred.
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Colombia from 2016 to 2022
Characteristic
Mastercard
Visa
American Express
Diners Club
Others
Local card schemes
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Worldpay, & PPRO, & Statista. (January 1, 2024). Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Colombia from 2016 to 2022 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1312417/biggest-card-schemes-in-colombia/
Worldpay, und PPRO, und Statista. "Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Colombia from 2016 to 2022." Chart. January 1, 2024. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1312417/biggest-card-schemes-in-colombia/
Worldpay, PPRO, Statista. (2024). Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Colombia from 2016 to 2022. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1312417/biggest-card-schemes-in-colombia/
Worldpay, and PPRO, and Statista. "Market Share of Payment Card Brands - Visa, Mastercard, American Express, or In-market Local Card Schemes - in Colombia from 2016 to 2022." Statista, Statista Inc., 1 Jan 2024, https://www.statista.com/statistics/1312417/biggest-card-schemes-in-colombia/
Worldpay & PPRO & Statista, Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Colombia from 2016 to 2022 Statista, https://www.statista.com/statistics/1312417/biggest-card-schemes-in-colombia/ (last visited August 24, 2024)
Market share of payment card brands - Visa, Mastercard, American Express, or in-market local card schemes - in Colombia from 2016 to 2022 [Graph], Worldpay, & PPRO, & Statista, January 1, 2024. [Online]. Available: https://www.statista.com/statistics/1312417/biggest-card-schemes-in-colombia/