Colombia is Latin America’s fourth largest economy and the third most populous country in the region. More than 30 million Colombians have internet access, and 76% of them have made at least one online purchase in their lifetime. The online market reached revenues of USD 3 billion in 2019. Colombia is Latin America’s fifth largest e-commerce market, but accepting international payments for businesses outside Colombia is still a challenge.
• Local currency: Colombian Peso
• Colombian e-commerce is estimated to reach USD 8 billion in 2022
• In 2019, around one third of Colombian made at least on online purchase
Offer Baloto (trusted by 85% of the Colombian shoppers)
Pago Efectivo: PrimeiroPay is one of the first PSPs to offer this payment method
Offer payments in instalments
Accept international payments via several credit card brands
Quickly start selling in Colombia by connecting to us through one of our PSP partners.