Colombia | This is the year to redefine our electronic payments model

Summary

Transferring money or making a payment should be as easy as moving money from one pocket to another, without the hassles and risks of cash. The Colombian authorities and in particular the central bank have been working on a new payment system that promises to be easy, immediate, cheap and 24/7.

Key points

• Key points:
• For now, we call the new payment system SPI (Sistema de Pagos Inmediatos), but soon we will have a brand that will become a reference in the system.
• Brazil is a reference in the world, with Pix it managed to change its payment system 3 years ago and by 2023 it became the main payment instrument in the country.

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