Colombia
Colombia’s payment landscape in 2026 is mobile-first, with digital wallets playing an increasingly central role alongside traditional banking. Local e-wallets account for around 54% of transaction volume, while credit and debit cards continue to play a secondary role. For global merchants, prioritizing localized alternative payment methods is key to reaching consumers and unlocking growth in Colombia’s evolving fintech ecosystem.
*Data is for Codapay in the period of 1st Oct 2024 - 30th Sep 2025
Impact figures
70%
Android users
30%
iOS users
8.7%
Credit & Debit Card ownership
2B
App downloads in 2025
203.4M
App revenue (USD) in 2025
Insights
Digital wallets
Colombia's dominant Android market limits Apple Pay's effectiveness for enabling online payments.
Cards
Credit & Debit cards have low penetration in-market, reducing the effectiveness of this channel and likely overlapping significantly with the Apple user population.
Coda as your Merchant of Record
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Cross-border settlement, FX complexities, payouts, all managed end-to-end.
Fraud protection
Full fraud management with everything from risk mitigation to chargebacks and dispute resolution.
Related payment methods
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