In 2021, the share of cash in Colombian in-store payments rebounded despite an severe decline in its use in the previous year. The source consequently states that "cash remains essential" for consumers in the Latin American country. However, increasing use of credit cards and debit cards might indicate they eventually are to take over cash' leading position. Before the COVID-19 pandemic, Colombia ranked 64th out of 144 countries worldwide when it comes to credit card penetration - higher than countries like Bulgaria or Hungary.
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Colombia from 2017 to 2024, with a forecast for 2030
* The source changed its categories in 2021 and 2024, see the "Details" tab for more information.
Supplementary notes
In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL". This seems to have been reverted in 2023 - for the year 2022.
In 2024, the "debit card" and "prepaid card" categories were combined into a single category called "Debit and Prepaid Cards".
The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Worldpay. (March 7, 2025). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Colombia from 2017 to 2024, with a forecast for 2030 [Graph]. In Statista. Retrieved May 06, 2025, from https://www.statista.com/statistics/1296677/preferred-payment-methods-colombia/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in Colombia from 2017 to 2024, with a forecast for 2030." Chart. March 7, 2025. Statista. Accessed May 06, 2025. https://www.statista.com/statistics/1296677/preferred-payment-methods-colombia/
Worldpay. (2025). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Colombia from 2017 to 2024, with a forecast for 2030. Statista. Statista Inc.. Accessed: May 06, 2025. https://www.statista.com/statistics/1296677/preferred-payment-methods-colombia/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in Colombia from 2017 to 2024, with a Forecast for 2030." Statista, Statista Inc., 7 Mar 2025, https://www.statista.com/statistics/1296677/preferred-payment-methods-colombia/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in Colombia from 2017 to 2024, with a forecast for 2030 Statista, https://www.statista.com/statistics/1296677/preferred-payment-methods-colombia/ (last visited May 06, 2025)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Colombia from 2017 to 2024, with a forecast for 2030 [Graph], Worldpay, March 7, 2025. [Online]. Available: https://www.statista.com/statistics/1296677/preferred-payment-methods-colombia/
