Our data shows wallets growing alongside a stable bank share. This is how the different receiving options coexist in Colombia.
The digital wallets included in our analysis went from 1.2% of transactions by our customers sending money from the United States to Colombia in 2023 to 10.5% in January-August 2026. In that most recent period, however, transactions were concentrated in one of the two wallets analyzed.
At Sharemoney, we help people in the United States send money to family and friends. We looked at our customers’ transactions to understand how they are distributed across digital wallets, bank deposits and cash collection. Nequi and DaviPlata are the two wallets included in that analysis.
Wallets gain share and the bank keeps its place
Over the same period, the cash share fell from 16.8% to 7.2%. Bank deposits, by contrast, held between 82% and 84% of transactions through 2023, 2024, 2025 and January-August 2026.
That figure helps put the growth in perspective. Wallets gained share while bank deposits held between 82% and 84% of transactions. The data does not identify whether individual senders moved from one method to the other.
The wallets were added to our service one after the other. How transactions were distributed between the two varied over the period analyzed. Other receiving methods also recorded transactions throughout that period.
What this means for your next transfer
This data shows the receiving methods recorded in our customers’ transfers, but the most useful option for your family depends on their situation. A larger wallet share does not make that method the best choice for every transfer.
Before sending, check which wallets and other receiving methods appear available for your transfer. Confirm the details your recipient needs to provide, and review the fee, the exchange rate and the amount they will receive.
Since November 2026, Sharemoney also lets you send to a Bre-B key, an option this data does not yet include. Our Bre-B key guide explains how it works, and our guide to sending money to Colombia from the USA compares every receiving option.
As a transfer service operating from the United States, at Sharemoney we observe these choices through our own transactions. Sharing the results helps show how different receiving methods coexist, without attributing to customers motives this analysis did not measure.
Explore your options for sending money to Colombia.
About the data: transactions by Sharemoney customers from the United States to Colombia, excluding cancelled and refunded transfers. The shares compare full-year 2023 with January-August 2026 and are calculated by transaction count, not dollar value. They describe our customer base, not the country’s remittance market as a whole. The aggregate changes do not identify which individuals changed method.
