Quarterly market share of remittance brands from Spain to Colombia 2011-2024

Nearly half of remittances sent from Spain to Colombia were typically handled by WorldRemit and MoneyGram in 2024. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels originating from Spain and which sent money to Colombia, specifically. Spain was the number three country of origin for remittances to Colombia, while the Latin American country was the fifth country in terms of remittance destinations from Spain. Remittances are, nevertheless, still a relatively uncharted topic. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.