Quarterly market share of incoming digital remittances in Colombia 2016-2023
The share of digital remittances entering Colombia was slightly higher in 2023 than in previous years, making up over half of the remittances received. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels going towards Colombia. The three countries from which Colombia receives the highest value of remittances include the U.S., Venezuela, and Spain. Remittances are a relatively uncharted topic, though. While figures exist on the total traffic between individual countries ("corridors"), exact numbers on how much of this comes from banks, money transfer organizations (MTOs), or digital sources (blockchain, etc.) is typically not known. All figures on remittances are therefore estimates.