Try our corporate solution for free!
(212) 419-8286

Colombia: average fintech transaction value per user 2017-2024

In Colombia, the fintech segment, alternative financing, generated by far the highest transaction values per user between 2017 and the projected values in 2024. According to the Digital Market Outlook, its transaction value per user stood at approximately 56 thousand U.S. dollars in 2019; by 2024, it is projected to increase to some 71 thousand USD.

Average fintech transaction value per user in Colombia from 2017 to 2024, by segment

Exclusive Corporate Account feature

To view this statistic you need a Corporate Account, which includes the following benefits

  • Access to all content
  • Download as XLS, PPT, PNG and PDF
  • Detailed source and background information
Corporate Account
$700 per month*
(billed annually)
* Prices do not include sales tax.
Show detailed source information?
Register for free
Already a member?
Log in

Supplementary notes

FinTech is short for ‘Financial Technology’, the central concept of structural change and digitization within the financial services industry. Under the collective name FinTech (which still lacks a clear definition even within the industry), financial services are understood within the framework of the Digital Market Outlook; digital infrastructures allowing the establishment of new types of agreements and procedures in the classic areas of banking such as lending, investment strategies and payments.

The FinTech market is characterized by a rapidly growing number of startups and businesses without bank licenses (non-banks). For an overview of the total potential of the FinTech market, a split between classic banks and non-banks is not sensible, because consolidation processes, co-operations and white label solutions mean that there will be no clear differentiation in the future. Therefore, a functions-oriented segmentation is preferred, based on an access- or business model-based split of the market. FinTech start-ups tend to focus on selected parts of the financial value chain and try to unbundle traditional bank business models.

All monetary information in the FinTech section of the Digital Market Outlook refers to the potential transaction volumes of the respective segments and not corporate revenue.

The following are not included in the current market definition: agency commissions via metasearch engines, for example, in the credit and insurance sector, business-to-business payments, API management, agencies and external credit scoring, crypto currencies (including Bitcoin) and complementary services such as online identification or account management.

Use Statista now: unlimited access to all content

Statistics on "Fintech in Colombia"

Use Statista now: unlimited access to all content
Learn more about how Statista can support your business.