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Annual number of POS terminals in Colombia 2008-2022
The total number of POS payment devices available in Colombia increased by roughly 19 percent between 2021 and 2022. This meant that the acceleration seen in the previous period - 2020 to 2021 - slowed down significantly. Colombia hopes to push digital payments in a bid to combat its relatively high amount of unbanked population. The country aims to do this by following a similar strategy like Brazil did with Pix.