# Nequi

> Source: https://docs.barcoder.ai/docs/wallets/nequi
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Nequi — official](https://transacciones.nequi.com/)

## Overview

**Nequi** is **Colombia's leading neobank / digital-financial-platform**, operated as a **business line of Bancolombia SA** <sup>[1][1], [2][2], [Colombia report](https://docs.barcoder.ai/docs/payments/CO)</sup>. 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](https://docs.barcoder.ai/docs/standards/daviplata) + MOVii**, Nequi dominates Colombia's neobanking market.

## History

**2016 — Nequi launches as Bancolombia digital-banking innovation** <sup>[2][2]</sup>.

**2020-2024 — Mass Colombian adoption** <sup>[3][3]</sup>: Driven by COVID-19 + financial-inclusion programs.

**June 28, 2024 — Single-day record: 66 million transactions** <sup>[1][1]</sup>.

**H1 2025 — 13+ million users** <sup>[1][1]</sup>; later in Q1 2025: 23.5M accounts.

**2025 — 5.4M Bancolombia A La Mano users integrated into Nequi** <sup>[3][3]</sup>: Major Bancolombia consolidation.

**May 2025 — Projected 24.5M users** <sup>[1][1]</sup>.

## 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](https://docs.barcoder.ai/docs/standards/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

**2025** <sup>[1][1], [3][3]</sup>:
- **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](https://docs.barcoder.ai/docs/standards/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](https://docs.barcoder.ai/docs/standards/daviplata) | RappiPay (CO) | MOVii (CO) | [Nubank](https://docs.barcoder.ai/docs/wallets/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** <sup>[1][1], [3][3]</sup>:
- **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]: https://www.dynatrace.com/customers/nequi/ "Nequi customer story — Dynatrace"
[2]: https://transacciones.nequi.com/ "Nequi — official"
[3]: https://www.infobae.com/colombia/2025/03/05/nequi-integrara-a-mas-de-54-millones-de-usuarios-de-bancolombia-a-la-mano-a-su-ecosistema-financiero-que-beneficios-traera/ "Nequi integrates Bancolombia A La Mano 5.4M users — Infobae"
[4]: https://fintechforward.beehiiv.com/p/nequi-daviplata-and-movii-dominate-colombia-s-neobanking-market-but-new-challengers-emerge "Nequi DaviPlata MOVii dominate CO — Fintech Forward"
[co-cro]: https://docs.barcoder.ai/docs/payments/CO

- [1] [Nequi customer story — Dynatrace][1]
- [2] [Nequi — official][2]
- [3] [Nequi Bancolombia A La Mano integration — Infobae][3]
- [4] [Nequi DaviPlata MOVii dominate CO — Fintech Forward][4]
- <sup>[Colombia report](https://docs.barcoder.ai/docs/payments/CO)</sup> In-corpus: `reports/countries/CO-colombia.md`

## Source

Biography extracted from [nequi.md](https://docs.barcoder.ai/source/wallets/nequi). See `matrix.md` for standards-support matrix if present.