Local payments

Colombia

Overview

Colombia is Latin America’s fourth largest economy and the third most populous country in the region. More than 30 million Colombians have internet access, and 76% of them have made at least one online purchase in their lifetime. The online market reached revenues of USD 3 billion in 2019. Colombia is Latin America’s fifth largest e-commerce market, but accepting international payments for businesses outside Colombia is still a challenge.

• Local currency: Colombian Peso

• Colombian e-commerce is estimated to reach USD 8 billion in 2022

• In 2019, around one third of Colombians made at least one online purchase

Offer Baloto (trusted by 85% of the Colombian shoppers)

Largest credit card Brands

Offer payments in installments

Accept local payments and get settled abroad

Local Payment Methods

Our Partners in Colombia

Online payments system for growing businesses
ingenico logo
aci logo black

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