Category: Service Industries
Colombia Service Industries
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Analysis by Region - Emerging Markets - Colombia
... we expected, after a hefty rebound in July. We forecast GDP will expand by a moderate 0.5% q/q in Q3 as easing inflation and flexible financial conditions boost domestic demand through private consumption and fixed ... Read More
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Colombia RegTech Business and Investment Opportunities Databook – 50+ KPIs on RegTech Market Size, By Industry, By Technology, By Type of Product, By Deployment, By Product Offering, Market Share – Q3 2024 Update
... PayNXT360, regtech industry in Colombia is expected to grow by 28.3% on annual basis to reach US$202.93 million in 2024. The regtech industry is expected to grow steadily over the forecast period, recording a CAGR ... Read More
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Colombia International Remittance Market Business and Investment Opportunities - Analysis by Transaction Value & Volume, Inbound and Outbound Transfers to and from Key States, Consumer Demographics – Q3 2024
... remittance market in Colombia has increased at 6.0% during 2023 to reach US$10,527.2 million in 2024. Over the forecast period (2024-2028), market size is expected to record a CAGR of 3.4%, increasing from US$9,930.3 million ... Read More
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Colombia Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q2 2024 Update
... to grow by 25.0% annually to reach US$880.6 million in 2024. The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 45.3% from 2024 to 2029. The country's ... Read More
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Colombia Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2024 Update
... According to PayNXT360, the alternative lending in the country is expected to grow by 27.4% on an annual basis to reach US$1,591.5 million in 2024. Medium to long term growth story of alternative lending in ... Read More
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Economy of Colombia 2024
... the most successful countries in Latin America. It joined the OECD in 2020, has manageable debt and deficits and has achieved near universal health coverage. Numerous challenges are works in progress but the dramatic fall ... Read More
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Colombia Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast; Spend Analysis by Digital / e-Gift Card, Retail and Corporate Consumers, Top Retailers, Distribution Channel, Occasions, Retail Sectors, Function (Open Loop, Closed Loop), City Type, and Demographics – Q2 2024 Update
... Sectors, Function (Open Loop, Closed Loop), City Type, and Demographics – Q2 2024 Update According to PayNXT360, gift card industry in the country is expected to grow by 9.4% on annual basis to reach US$1.0 ... Read More
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Colombia Buy Now Pay Later Business and Investment Opportunities Databook – 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q2 2024 Update
... in the country are expected to grow by 39.6% on an annual basis to reach US$1,567.0 million in 2024. The medium to long-term growth story of the BNPL industry in the country remains strong. BNPL ... Read More
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Colombia General Insurance: Key Trends and Opportunities to 2028
... General Insurance: Key Trends and Opportunities to 2028’ report provides a detailed outlook by product category for Colombia's general insurance segment. It provides values for key performance indicators such as gross written premium, penetration, and ... Read More
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Colombia's Life Insurance: Key Trends and Opportunities to 2028
... Life Insurance: Key Trends and Opportunities to 2028’ report provides a detailed outlook by product category for Colombia's life insurance segment. It provides values for key performance indicators such as gross written premium, penetration, and ... Read More
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Macroeconomic Outlook Report: Colombia
... In nominal terms, the three segments are forecast to grow by 8.3%, 7.6%, and 7.9%, respectively, in 2024. Bogota, Cali and Medellin are among the best performing cities of Colombia. These areas contributed 33.8% of ... Read More
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Colombia Life and Non-Life Insurance Market Overview, 2029
... case of death or handicap, while non-disaster insurance covers a scope of dangers, for example, property harm, responsibility, and wellbeing crises. In Colombia, these two portions assume significant parts in protecting people, organizations, and resources ... Read More
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Colombia In-depth PESTLE Insights
... analysis. Synopsis Understand the political system in Colombia through analysis of key figures in the country and governance indicators. Understand the economic situation in Colombia through a balanced assessment of core macroeconomic issues. Understand customer ... Read More
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Banks in Colombia
... key financial metrics and analysis of competitive pressures within the market. Key Highlights The banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related ... Read More
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Colombia Credit Card Transactions Market Overview, 2029
... like Diners Club and American Express introduced credit cards to the Colombian market in the 1950s, targeting affluent individuals and business travelers. However, it wasn't until the 1970s and 1980s that domestic banks started issuing ... Read More
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Colombia Digital Payment Market Overview, 2029
... change. To begin, Colombians' extensive adoption of smartphones, with over 89% of the population owning them, has resulted in a tech-savvy consumer base willing to accept digital solutions. Furthermore, the boom in e-commerce activity in ... Read More
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Colombia Facility Management Market Overview, 2029
... FM sector is a relatively new phenomenon. In the past, facility management duties were often handled by in-house staff with limited specialization. However, as Colombia's economy has grown and businesses have become more complex, the ... Read More
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Industry - Country Industry Forecasts - Colombia
Industry - Country Industry Forecasts - Colombia Industrial production (manufacturing, extraction and utilities) is forecast to lag economic growth in 2023, falling by 1.7%, picking up to 0.4% growth in 2024. Read More
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Analysis by Region - Emerging Markets
... stable inflation rate have prevented an economic contraction. In the near term, we expect the economy will grow by around 1.4%-1.5% y/y as the tourism sector grows due to new investment and lower inflation. However, ... Read More
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Credit Cards in Colombia
... compared to the previous year. The value of transactions, particularly for personal credit cards, is anticipated to decline as Colombians become more cautious. Household consumption is expected to barely grow in 2023, with an increase ... Read More
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Consumer Lending in Colombia
... end of 2022. This caused credit card interest rates to rise above 40%, leading to consumer concerns and reduced credit card usage, impacting overall consumption. In response, some banks reduced rates to 25% at the ... Read More
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Debit Cards in Colombia
... in circulation and value of transactions. The performance of debit cards has been influenced by their increased use in online purchases, driven by the expansion of debit cards with security verification code (CVV), fostering their ... Read More
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Store Cards in Colombia
... including credit or debit cards offering benefits like cashback, many consumers are moving away from store cards as they no longer see their benefits. Additionally, there is a growing trend of merchants and financial institutions ... Read More
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Pre-Paid Cards in Colombia
... increased mobility as hybrid work schemes lose traction. Transportation pre-paid cards are offering more digital alternatives for recharging, such as Tullave in Bogota and Cívica in Medellin, which allow users to add balance from e-wallets ... Read More
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Financial Cards and Payments in Colombia
... closed loop transportation cards, are steadily gaining popularity. Store cards, however, are witnessing a decline due to consumer preferences shifting towards more versatile payment options. Euromonitor International's Financial Cards and Payments in Colombia report establishes ... Read More
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