Colombia: PayU online payments distribution 2017, by method

This statistic displays the distribution of online payments made via PayU in Colombia in 2017, broken down by method. That year, the PSE* interface accounted for approximately 52.3 percent of all e-commerce payments made through PayU, making it the most popular method among users of this platform, followed by Visa with 23.3 percent.

Distribution of online payments made via PayU in Colombia in 2017, by method of payment

Share of online payments
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Sources

Release date

September 2018

Region

Colombia

Survey time period

2017

Supplementary notes

As noted by Paymentwall, in Colombia "a large part of the population does not have a credit card or even a bank account". As a response to this, a number of alternative payment solutions have emerged with the goal of making online transactions more accessible.
* PSE is an interface payment method that allows users to pay directly from their bank account in real time and without a credit card.
** CMR stands for Crédito Multi-Rotativo, a system of revolving credit that can be used by customers.
*** PayU Te Fía is a payment alternative offered by PayU that allows users to buy online and pay 14 days later.
**** SuRed is a Colombian transaction network.

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Statistics on "E-commerce in Colombia"

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