Wallets/nequi
Nequi
0 standards supported
Overview
Nequi is Colombia's leading neobank / digital-financial-platform, operated as a business line of Bancolombia SA 1, 2, Colombia report. By Q1 2025, Nequi reached 23.5 million accounts + projected 24.5 million by May 2025 — dominant Colombian neobank position. June 28, 2024 record: 66 million transactions in a single day; Nequi has complete visibility into 40 million daily transactions. 2025 major integration: 5.4+ million users from "Bancolombia a la mano" platform integrated into Nequi ecosystem — major Bancolombia consolidation.
Together with Daviplata + MOVii, Nequi dominates Colombia's neobanking market.
History
2016 — Nequi launches as Bancolombia digital-banking innovation 2.
2020-2024 — Mass Colombian adoption 3: Driven by COVID-19 + financial-inclusion programs.
June 28, 2024 — Single-day record: 66 million transactions 1.
H1 2025 — 13+ million users 1; later in Q1 2025: 23.5M accounts.
2025 — 5.4M Bancolombia A La Mano users integrated into Nequi 3: Major Bancolombia consolidation.
May 2025 — Projected 24.5M users 1.
Ownership & operator
Operating entity: Nequi — business line of Bancolombia SA (NYSE: CIB).
Parent: Bancolombia SA — Colombia's largest bank by assets.
Regulator: Superintendencia Financiera de Colombia (via Bancolombia banking license).
Technical integration
| Layer | Description |
|---|---|
| Channel | Nequi mobile app (iOS + Android) |
| Identifiers | Phone number + cedula (Colombian national ID) + QR code |
| Colombian rails | Transfiya (ACH instant) + Bre-B (Banco de la República central-bank rail since Sep 2025) |
| Settlement | Bancolombia infrastructure (parent) |
| Sub-products | Nequi Savings + Nequi Loans + Nequi Insurance + Nequi Investments + Nequi Bre-B integration |
Users & growth
- Accounts (Q1 2025): 23.5 million
- Projected users (May 2025): 24.5 million
- Daily transactions: 40 million (with complete visibility)
- June 28, 2024 single-day record: 66 million transactions
- 2025 Bancolombia A La Mano integration: 5.4+ million additional users
Use cases
P2P transfers (cardinal — phone-addressed); merchant QR payments via Transfiya / Bre-B; bill payment; mobile credit top-ups; savings + investments (Nequi Savings); consumer loans (Nequi Loans, 503K+ disbursed 2024); insurance distribution; government social-program disbursement.
Implementations & partners
Operator: Nequi (Bancolombia business line).
Parent: Bancolombia SA (NYSE: CIB) — Colombia's largest bank.
Major Colombian competitors: Daviplata (Davivienda; 18.7M users), MOVii, RappiPay, Lulo Bank, Banco Falabella.
Regulator: Superintendencia Financiera de Colombia.
Fun facts
- 2016 founded as Bancolombia's digital-banking innovation.
- 23.5M accounts (Q1 2025) + projected 24.5M (May 2025) — Colombian-leading neobank.
- June 28, 2024 single-day record: 66 million transactions.
- 40M daily transactions with complete visibility — substantial scale.
- 2025 Bancolombia A La Mano integration: 5.4M+ additional users — major consolidation.
- Colombian neobanking trio: Nequi + DaviPlata + MOVii dominate Colombian neobank market.
- Bre-B integration (since Sept 2025) — major Colombian central-bank instant-payment rail.
Comparison
| Feature | Nequi | Daviplata | RappiPay (CO) | MOVii (CO) | Nubank (LATAM analogous) |
|---|---|---|---|---|---|
| Operator | Nequi (Bancolombia business line) | DaviPlata (Davivienda business line) | RappiPay (Rappi subsidiary) | MOVii (independent CO neobank) | Nu Holdings Ltd (NYSE: NU) |
| Type | Colombian digital wallet → neobank | Colombian digital wallet → neobank | Super-app fintech | Independent CO neobank | LATAM mass-market neobank |
| Country | Colombia | Colombia | Colombia | Colombia | BR + MX + CO |
| Users (2025) | 23.5M (Q1 2025) | 18.7M (Q1 2025) | 750K | Major | 131M (4M+ CO) |
| Parent | Bancolombia SA (NYSE: CIB) | Davivienda | Rappi Inc. | Independent | NYSE-listed |
Status
Active, leading Colombian neobank 1, 3:
- Nequi (Bancolombia business line) since 2016.
- Q1 2025: 23.5M accounts; May 2025 projected 24.5M.
- 40M daily transactions + June 28, 2024 record 66M single-day.
- 2025 Bancolombia A La Mano 5.4M+ integration.
- Transfiya + Bre-B (Sep 2025+) rail integration.
Sources
- 1 Nequi customer story — Dynatrace
- 2 Nequi — official
- 3 Nequi Bancolombia A La Mano integration — Infobae
- 4 Nequi DaviPlata MOVii dominate CO — Fintech Forward
- Colombia report In-corpus:
reports/countries/CO-colombia.md
Source
Biography extracted from nequi.md. See matrix.md for standards-support matrix if present.