Colombia Payment Gateway: Start Processing Seamlessly in Latin America
Account-based transfers represent almost a third of the country's e-commerce market
Global companies selling with EBANX in Colombia
The Colombian digital market is rapidly gaining traction and has years of growth ahead
Colombia has emerged in Latin America as one of the countries with the most stable economic development in the last decade. Its online market has improved substantially, and the projection predicts an average compound annual growth of 23% through 2025.
+208% YoY growth: BNPL was the fastest-growing payment method in Colombia in 2022, followed by credit cards, with annual growth of 101%.
+23% CAGR: Colombia's compound annual growth rate through 2025 is 23%.
+52% YoY growth: annual cross-border growth in Colombia in 2022.
Mobile x Desktop: Colombian shoppers bought more using mobile devices (72%) over desktops (28%) in 2022.
Retail: is the industry leader in sales volume ($19 billion in 2022), but when it comes to annual growth rate, all the significant verticals have similar pace: retail (47%), digital services (44%), travel (44%), digital goods (36%).
Source: Beyond Borders 2022-2023
EBANX solutions
↪in Colombia
Rely on an expert payment partner to internationally manage your funds in Colombia, from pay-in to payout.
Pay-In
A variety of payment methods with solutions that increase your total addressable market by providing the most relevant options for digital purchases and boosting your performance in cross-border sales with a reliable global settlement network.
100+ direct connections with local acquirers
Optimized balance between approval rates and chargeback levels
Support and performance optimization on recurring payments
Unified reconciliation
Local Risk and Compliance Management
Optimized money flow considering multi-currency sales
One single and easy integration to accelerate go-live or upgrades
Exclusive and innovative technology developed in-house
Payout
Make payments to suppliers and partners in Colombian Pesos (COP), using local payment methods. Easily add balance through wire transfer or processed amounts via EBANX.
Fast payouts with local payment methods
90% average success rates
Request single and mass payouts in 3 easy steps
Work with amounts in USD or local currency
No minimum payout amount
Customizable reconciliation and detailed reports
Payment methods in Colombia
Account-based transfers represent almost a third the Colombian digital commerce. The method accounted for $10 billion in volume in 2022, 30% of the total payment share. Meanwhile, the country has a significant share of cash-based payments.
Payments methods breakdown in Colombia (2022)
Source: EBANX & AMI Datapack 2022 *Includes cash on delivery, gift cards, and other miscellaneous payment methods.
Payment methods available in Colombia with EBANX
Cash-Based Payment
No
when a payment is made at intervalsYes
Yes
Credit Cards
Yes
when a payment is made at intervalsYes
Yes
Debit Cards
No
when a payment is made at intervalsYes
Yes
Bank Transfers
No
when a payment is made at intervalsYes
Yes
Digital Wallets
No
when a payment is made at intervalsYes
Yes
Payment notifications by email
Besides offering several payment methods, EBANX also cares about your customer experience. When your customers in Colombia place an order, EBANX sends a payment-created notification via email. After the payment is confirmed, a validation message is sent by email, closing the transaction user experience.
Payouts in Colombia available with EBANX
*Get in touch with us for restrictions or further details.
EBANX makes cross-border payments easy so you can focus on growth
Have a complete payment solution that helps your business cross borders and process international payments in Colombia and 17 other countries in Latin America and Africa.
