Latin America · GDP rank #40
Colombia
CO · COP @ 0.0002380/USD
Bre-B went into full-scale operation in October 2025 and within seven months has cleared more than 600 million transactions across 35 million registered users and 103 million aliases — the fastest stand-up of a Pix-style instant rail outside Brazil. Nequi (Bancolombia spin-out, 26 million registered users) and Daviplata (Davivienda, 19 million) define the consumer-wallet duopoly. The United States is the dominant remittance origin, the Superintendencia Financiera de Colombia regulates non-bank PSPs under Decreto 222/2020, and the SEDPE (Sociedad Especializada en Depósitos y Pagos Electrónicos) charter is the operative fintech-deposit vehicle.
Tab 05
Cross-border
Inbound and outbound remittance corridors, tourism flows, FX markup on retail cross-border, and the country's posture on stablecoin adoption. Corridor figures come from the World Bank RPW feed or the publishing central bank; both are cited when they disagree.
Remittance inflows
USD · 2024
Remittance outflows
USD · 2024
Inbound tourism spend
USD · 2024
Outbound tourism spend
USD · 2024
Avg. corridor cost
% · Q4 2024
Below the global 6% average; fintech disintermediation through Nequi/Daviplata direct credit has driven the figure down ~150bp since 2020.
recipient
Top inbound corridors
- United StatesUS$7.3B
via MTO + direct credit to Nequi/Daviplata
- SpainUS$1.6B
via MTO
- ChileUS$760M
via MTO
Top outbound corridors
- VenezuelaUS$220M
via MTO + crypto
Cross-border card
Card flow leaving and arriving
Cards issued domestically and used abroad reflect outbound consumer travel and cross-border e-commerce; volume acquired from abroad reflects inbound tourism and foreign online shoppers.
Issued volume spent abroad
USD/year · 2024
Acquired volume from abroad
USD/year · 2024
FX cost
What consumers pay above the interbank
Retail FX markup is the spread between the mid-market rate and the rate the consumer receives — the single largest friction point in small-ticket cross-border.
- FX regime
- managed-float
- Reference
- Peso managed-float since 1999; Banco de la República uses a rules-based intervention framework targeting volatility, not level
Source · Banco de la República
Full reference
Remittances
Net Position: recipient
Source: