Colombia's challenges on the path to a cashless economy
Colombia is moving toward a less cash-dependent economy driven by the expansion of digital payments, but the transition raises challenges around financial inclusion, costs for merchants and technological dependence. In October 2026, Bre-B, the Banco de la República's instant payments system, had more than 116 million keys registered among more than 32 million customers, and 85% of financial transactions in the first half of the year were made through remote channels, according to the Financial Superintendency.
In 40 seconds
- Bre-B had more than 116 million keys registered among more than 32 million customers in October 2026
- 85% of financial transactions in the first half of the year were made through remote channels, per the Financial Superintendency
- Lack of connectivity and insufficient digital skills can exclude groups of consumers
Read the full story at Revista Semana
IASummary generated by artificial intelligence from a story by Revista Semana. It may contain errors: the original source prevails.
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