Quarterly market share of digital remittances from Spain to Colombia 2016-2023
The share of digital remittances in money leaving Spain for Colombia stayed relatively the same in 2023, with cash options being more common than digital. This is according to a custom-made calculation from Statista, based on the number of reported remittance channels originating from the U.S. towards Colombia. Spain was the number three country of origin for remittances to Colombia, while the Latin American country was the fifth-highest likely destination of remittances from Spain. Remittances are, nevertheless, still a relatively uncharted topic. 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.