Colombia’s International Transfers Triple in Q3 2026

In Q3 2026, Colombians sent more than US$225 million abroad through financial technology company Global66, a threefold increase compared to the same period a year earlier, according to the company's latest report. The surge highlights Colombia's growing position in Global66's cross-border transfer business, though the figures represent only a portion of money sent from the country.

Transfers through Global66 rose 45% from the second quarter, while the company's share of activity across its four markets - Argentina, Chile, Colombia and Peru - climbed from 18% to 35%. Chile's share fell from 63% to 48%, while Peru accounted for 10% and Argentina for 6%. September alone saw over US$90 million in transfers, setting a monthly record for the country.

Co-founder and Chief Executive Tomas Bercovich attributed the expansion to a 28%, 22% and 45% quarter-on-quarter growth during 2026. The data reflect customer behavior rather than the entire Colombian market. The primary purposes for international transfers are family support, education, professional services and business payments.

Over half of the transfers go toward travel or have no declared purpose, indicating people use these platforms for regular expenses and to support relatives. Global66's data suggests Colombians are becoming more connected to foreign markets, with travelers making over 5.8 million trips abroad in 2025 and the central bank reporting a record US$13.09 billion in remittances received that year.

However, the report notes that data from one app does not fully represent Colombia's overall money transfers. Despite this limitation, the trend aligns with other reports, indicating Colombians are seeking faster, cheaper methods to move money across borders.