Colombia’s International Transfers Triple in Q3 2026
Colombians sent more than US$225 million abroad through financial technology company Global66 between July and September 2026, three times the volume recorded through the platform during the same period a year earlier. The increase highlights Colombia’s growing role in the company’s cross-border transfer business, although the figures do not represent all money sent abroad from […]
Colombia's international money transfers through Global66 surged by 300% year-over-year in Q3 2026, reaching over US$225 million. This marks the company's main driver of regional growth, as the platform expanded its presence in Colombia, Argentina, Chile, and Peru. While transfers through Global66 account for less than half of all money sent abroad from the country, the figures reveal the growing trend of Colombians sending money abroad for family support (28%), education (8%), and professional services (6%).
The majority of transfers (50%) go towards travel or have no declared purpose, indicating that users utilize these platforms for routine expenses alongside supporting relatives. In the first half of 2026, Global66 processed over US$850 million in transfers across its markets, with study-related transfers growing by 103%.
Major destinations for Colombian money transfers include the United States (over US$9.5 million), Spain (over US$9 million), Mexico (over US$5 million), Canada (over US$4 million), and Chile (over US$4 million). Notably, Colombia received more than US$24 million in transfers from Chile, Peru, and Argentina.
The trend underscores Colombia's increasing connection to foreign markets, with record remittance inflows of US$13.09 billion in 2025, projected to reach US$14.8 billion in 2026. This shift highlights the demand for faster, cheaper, and more efficient cross-border money transfer solutions, potentially impacting traditional banking services in the region.
Written by urgent.news from Colombia One's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
