Good to know
No local entity required
You will not require a local entity for both card and alternative payment processing (physical products excluded).
Favourable environment drives further development
One major factor in the development of Colombian e-commerce is a highly supportive public sector. In 2020, three tax-free online shopping holidays generated nearly $250 million in additional e-commerce revenue across our payments platform in Colombia. The government has also set ambitious targets for financial inclusion, which will enable more consumers to participate in e-commerce. Last year Colombia already reached its 2022 goal of 85% financial inclusion, two years ahead of schedule.
Notably, Colombia is the only Latin American country with a dedicated Ministry of E-Commerce, demonstrating the country’s eagerness to further evolve in this direction.
US – Columbia e-commerce corridor
Well-established connections with Miami and other ports in the southern United States help to enable particularly efficient logistical access for US e-commerce sellers to the Colombian market. At the same time, Colombia’s open trade regime reduces challenges to cross-border e-commerce which international merchants may face on other regional markets.