Real-time payments in Colombia were predicted to grow by 2029, as instant payments made up roughly 0.1 percent of overall payments in 2023. Approximately one percent of the overall payments mix in the country - including both cash and cashless - is anticipated to be an instant payment by 2028. The source adds this equals a CAGR of 42.6 percent between the five years under consideration. Colombia has the Transfiya scheme for real-time payments, but the country's central bank pushed for new regulation in October 2023 to accelerate instant payments in the country. "Resolución Externa 6" is to provide the foundation for a Single Payment Interface or SPI in the country.
Total number of real-time (instant) payments in Colombia in 2023, with a forecast for 2028
Characteristic
Number of real-time transactions (in millions)
Market share compared to paper-based and electronic payments
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ACI Worldwide. (April 30, 2024). Total number of real-time (instant) payments in Colombia in 2023, with a forecast for 2028 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1455325/real-time-payment-penetration-in-colombia/
ACI Worldwide. "Total number of real-time (instant) payments in Colombia in 2023, with a forecast for 2028." Chart. April 30, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1455325/real-time-payment-penetration-in-colombia/
ACI Worldwide. (2024). Total number of real-time (instant) payments in Colombia in 2023, with a forecast for 2028. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1455325/real-time-payment-penetration-in-colombia/
ACI Worldwide. "Total Number of Real-time (Instant) Payments in Colombia in 2023, with a Forecast for 2028." Statista, Statista Inc., 30 Apr 2024, https://www.statista.com/statistics/1455325/real-time-payment-penetration-in-colombia/
ACI Worldwide, Total number of real-time (instant) payments in Colombia in 2023, with a forecast for 2028 Statista, https://www.statista.com/statistics/1455325/real-time-payment-penetration-in-colombia/ (last visited December 21, 2024)
Total number of real-time (instant) payments in Colombia in 2023, with a forecast for 2028 [Graph], ACI Worldwide, April 30, 2024. [Online]. Available: https://www.statista.com/statistics/1455325/real-time-payment-penetration-in-colombia/
