As of 2022, nearly half of e-commerce purchases in Colombia were paid for by card. Bank transfer and digital wallets were less popular among Colombians, used for 18 percent and 13 percent of online checkouts, respectively. Cards were also the main online payment method in Latin America as a whole.
Market share of cash, credit cards, and other payment methods during online shopping in Colombia from 2016 to 2023, with a forecast for 2027
The source made multiple changes to its categories over time, see the "Details" tab for more information.
Supplementary notes
* In 2022, the source stated it merged the categories of "credit cards" together with "charge/deferred debit cards".
** The source created a new category in 2023 called A2A or account-to-account. It refers to these as electronic payments made between parties that circumvent card networks and that are embedded within apps and online services. The source lists Pix in Brazil, iDEAL in the Netherlands, and BLIK in Poland as its main examples. A2A includes - and does not solely consist of - the former categories of "bank transfers" and "direct debits". The figures have been taken from several publications.
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Worldpay. (March 21, 2024). Market share of cash, credit cards, and other payment methods during online shopping in Colombia from 2016 to 2023, with a forecast for 2027 [Graph]. In Statista. Retrieved January 26, 2025, from https://www.statista.com/statistics/963356/distribution-online-payments-colombia-method/?__sso_cookie_checker=failed
Worldpay. "Market share of cash, credit cards, and other payment methods during online shopping in Colombia from 2016 to 2023, with a forecast for 2027." Chart. March 21, 2024. Statista. Accessed January 26, 2025. https://www.statista.com/statistics/963356/distribution-online-payments-colombia-method/?__sso_cookie_checker=failed
Worldpay. (2024). Market share of cash, credit cards, and other payment methods during online shopping in Colombia from 2016 to 2023, with a forecast for 2027. Statista. Statista Inc.. Accessed: January 26, 2025. https://www.statista.com/statistics/963356/distribution-online-payments-colombia-method/?__sso_cookie_checker=failed
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods during Online Shopping in Colombia from 2016 to 2023, with a Forecast for 2027." Statista, Statista Inc., 21 Mar 2024, https://www.statista.com/statistics/963356/distribution-online-payments-colombia-method/?__sso_cookie_checker=failed
Worldpay, Market share of cash, credit cards, and other payment methods during online shopping in Colombia from 2016 to 2023, with a forecast for 2027 Statista, https://www.statista.com/statistics/963356/distribution-online-payments-colombia-method/?__sso_cookie_checker=failed (last visited January 26, 2025)
Market share of cash, credit cards, and other payment methods during online shopping in Colombia from 2016 to 2023, with a forecast for 2027 [Graph], Worldpay, March 21, 2024. [Online]. Available: https://www.statista.com/statistics/963356/distribution-online-payments-colombia-method/?__sso_cookie_checker=failed
