Colombia

Learn all about the mobile payment market in Colombia

The below-shown information about market share and demographics is approximate.

Mobile Payment Billing Types

  • DIRECT OPERATOR BILLING

Service Types Allowed

  • One time, Subscription

Mobile Operator Market Share

  • Claro
    58 %
  • Tigo
    15 %

Value Added Services Market Share

  • Claro
    75 %
  • Tigo
    25 %

Excluding virtual MNOs*

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Country Demographic Facts

  • Population : 47 mil
  • Language(s): Spanish
  • Currency: COP
  • VAT rate: 16.00%
  • GDP per capita: 5,333
  • Mobile subscribers : 57 mil
  • Mobile penetration: 123.00%
  • Smartphone penetration: 110,00%

Mobile Payment Service Specifics

  • Double Opt-in required
  • Adult services allowed: Claro (soft), Tigo (hard)
  • Prize (cash) games and gambling are not allowed
  • Service subscriptions fees: Daily and Weekly
  • No spending limit

Authorities

CRCOM
Commission for Regulation of Communication of Republic of Colombia

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