Colombia: With consistent growth rates this economy has a bright future ahead

Colombia’s Gross Domestic Product (GDP) is expected to steadily grow 1.8% in 2024, proving that Colombia can represent excellent opportunities for eCommerce in Latin America*

* Source: OECD, 2023

Market Overview

After a remarkable post-pandemic recovery, Colombia shows a record of macroeconomic management.

Gain insight into Colombia's most relevant payment methods

  1. 35% Credit Cards
  2. 19% Debit Cards
  3. 17% Bank Transfer
  4. 14% e-Wallet
  5. 10% Cash
  6. 5% Others
  • Credit and debit cards

    Play like a local by offering traditional payment methods.

    • Visa
    • Mastercard
    • American Express
    • Diners
    • Codensa
  • Wallets

    Tackle all audiences.

    • MercadoPago
  • Cash-based payments

    • Colsubsidio
    • Exito
    • Efecty
    • Davivienda
    • Bancolombia
  • Online bank transfers

    Count on a wide variety of options to drive conversion.

    • PSE
    • Bancolombia

The ultimate guide to succeed in Colombia

Learn more about the dynamic Colombian economy

The ultimate guide to succeed in Colombia
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