Annual number of real-time payments in Colombia in 2023, with a 2028 forecast
Real-time payments in Colombia were predicted to grow by 2029, as instant payments made up roughly 0.1 percent of overall payments in 2023. Approximately one percent of the overall payments mix in the country - including both cash and cashless - is anticipated to be an instant payment by 2028. The source adds this equals a CAGR of 42.6 percent between the five years under consideration. Colombia has the Transfiya scheme for real-time payments, but the country's central bank pushed for new regulation in October 2023 to accelerate instant payments in the country. "ResoluciĆ³n Externa 6" is to provide the foundation for a Single Payment Interface or SPI in the country.