Annual debit card spending in Colombia 2013-2022, in local currency and USD
Colombians made 100 trillion pesos worth of credit card transactions in 2022, an increase of about 17 percent when compared to 2021. The growth change when estimating this value in U.S. dollars, however, was not as big due to the exchange rate between the two currencies. Debit cards ranked as Colombia's third-most used payment method in POS, with cash remaining the most popular.