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Colombia
.avif)
Top e-commerce industries
Electronics
21.1%
Hobby & Leisure
21.1%
Fashion
11.2%
Furniture & Homeware
Care Products
DIY
Grocery
Bogotá
Capital
49M
Population
-5
Time Zone (GMT)
COP (Col$)
Currency
Colombian Peso
$120.4B
Transactions
value in 2028
28.1%
CAGR
of Digital Payments
during 2025-2028
during 2025-2028
Popularity of e-commerce payment methods
Extend your reach

Method
PSE
PSE
LPM Market Share
32%
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
14M
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
COP
Authorization
speed
speed
Instant
Recurring
No
No
Method
Efecty
Efecty
LPM Market Share
18%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
4M
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
COP
Authorization
speed
speed
Instant
Recurring
No
No

Method
Su Red
Su Red
LPM Market Share
18%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
1M
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
COP
Authorization
speed
speed
Instant
Recurring
No
No

Bancolombia provides diverse payment solutions, including real-time bank transfers, card payments, and mobile wallet integration, enabling seamless transactions for individuals and businesses across Colombia. Its digital platforms support QR codes and e-commerce payments, enhancing accessibility and convenience.
Method
Bancolombia
Bancolombia
LPM Market Share
18%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
30M
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
COP
Authorization
speed
speed
Instant
Recurring
No
No

Method
Gana
Gana
LPM Market Share
18%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
COP
Authorization
speed
speed
Instant
Recurring
No
No

Traga is a digital wallet and payment platform designed to provide users in Colombia with a convenient and efficient way to manage their finances and make transactions. It allows customers to make online payments, money transfers, and the management of everyday expenses, attracting both consumers and small businesses in the region.
Method
Traga
Traga
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
E-wallet
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
COP
Authorization
speed
speed
Instant
Recurring
No
No