# Colombia — payment codes and schemes

> Source: https://docs.barcoder.ai/docs/payments/CO
> extracted at 2026-10-06
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

## Summary

- **Transfiya** 8M+ monthly transactions
- **Nequi** 66M daily record (June 2024)
- **Interoperability** mandated Nov 2023
- **Daviplata** Davivienda wallet
- **2025** full instant system planned

## Banking landscape

### Central Bank
- **Name:** Banco de la República
- **Website:** https://www.banrep.gov.co/
- **Role:** Monetary policy, interoperability

### Major Banks (2024)

| Rank | Bank Name | Type | Digital Platform |
|------|-----------|------|------------------|
| 1 | Bancolombia | Private | Bancolombia App |
| 2 | Banco de Bogotá | Private | BOG App |
| 3 | Davivienda | Private | Daviplata |
| 4 | BBVA Colombia | International | BBVA App |
| 5 | Banco Popular | State | Popular App |

### Market Structure
- **Nequi:** 14M users (Bancolombia spin-off)
- **Daviplata:** 14M users
- **MOVii:** Challenger
- **ACH Colombia:** Infrastructure

---

## Payment infrastructure

### National Payment Systems

| System | Operator | Type | Status |
|--------|----------|------|--------|
| Transfiya | ACH Colombia | Instant | 8M+ monthly |
| ACH | ACH Colombia | Clearing | Active |
| PSE | ACH Colombia | Online | Active |
| Card networks | Visa/MC | Cards | Active |

### Transfiya Platform
- Launched end 2019
- ACH Colombia + Minka
- Phone number transfers
- Free for users
- 24/7 availability

### Limits
- COP 3,000,000 daily max
- 15 transactions per day
- Instant settlement
- Cross-bank enabled

---

## QR code standards

### QR Payment Status

| Attribute | Value |
|-----------|-------|
| **Standard** | Developing |
| **Mandate** | Nov 2023 |
| **Target** | 2025 full interop |
| **Current** | Wallet-specific |

### Nequi/Daviplata QR
- Each has own QR system
- Currently not interoperable
- Central Bank mandate issued
- Future integration planned

### Transfiya QR Plans
- ACH Colombia adding QR
- Business payments feature
- Future enhancement
- Standard development

---

## Mobile payment apps

| App | Provider | QR | Features |
|-----|----------|-------|----------|
| Nequi | Bancolombia | Yes | Full wallet |
| Daviplata | Davivienda | Yes | Full wallet |
| MOVii | MOVii | Yes | Challenger |
| RappiPay | Rappi | Yes | Delivery int |

### Nequi Dominance
- 14M users
- 66M transactions (June 28, 2024 record)
- Bancolombia spin-off (2022)
- Young user focus
- Digital native

### Daviplata Features
- 14M users
- Davivienda backed
- Bill payments
- Cardless ATM
- Established player

### Interoperability Mandate
- Central Bank Nov 2023
- Low-value systems must connect
- Gradual implementation
- 2025 target completion

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [Transfiya](https://docs.barcoder.ai/docs/payments/CO/transfiya) | Instant | ACH | 8M+ monthly | [`transfiya`](https://docs.barcoder.ai/docs/standards/transfiya) |
| [Nequi QR](https://docs.barcoder.ai/docs/payments/CO/nequi-qr) | Wallet | Proprietary | 14M users | [`nequi`](https://docs.barcoder.ai/docs/standards/nequi) |
| [Daviplata QR](https://docs.barcoder.ai/docs/payments/CO/daviplata-qr) | Wallet | Proprietary | 14M users | [`daviplata`](https://docs.barcoder.ai/docs/standards/daviplata) |

## Sources

- [Connecting the Dots - Colombia Pix](https://www.connectingthedotsinfin.tech/the-central-bank-of-colombia-sets-the-rules-for-the-colombian-pix/)
- [Transfi - Colombia Payments](https://www.transfi.com/blog/popular-local-payment-methods-and-solutions-in-colombia)
- [Rebill - Digital Wallets](https://www.rebill.com/en/blog/digital-wallets-colombia)
- [NORBr - Colombia Payments](https://web.archive.org/web/20240616222910/https://norbr.com/library/payworldtour/payment-methods-in-colombia/)

## Full country report

[CO-colombia.md](https://docs.barcoder.ai/docs/payments/CO)