Colombian online payments are structured around PSE bank transfers as the standard, alongside cash collection networks, which makes wallet-based card payments more of a complementary method aimed at premium users. Apple Pay launched relatively recently in Colombia, so the range of supported banks and issued cards may be limited, meaning availability for your target customers should be confirmed before adopting it.

One-touch web and in-app payment is effective for premium commerce with a high share of iPhone users, global brand storefronts, and categories like travel and airline tickets where payment trust drives conversion. Because a device token is passed instead of the actual card number, it also reduces the risk of card data exposure.

When the consumer taps the Apple Pay button on the web (Safari) or in an in-app checkout, the tokenized card stored on their device is displayed, and the payment is authorized via Face ID or Touch ID. This is a network tokenization structure where a device-specific token is passed instead of the actual card number, and the approval result is returned instantly.

Apple Pay can be considered for adoption by businesses registered in Korea through integration with Hecto Financial, but since the range of supported issuers and cards in Colombia can change, support status must be confirmed at the time of adoption. Settlement cycle, fees, and currency options follow the contract terms.

• Business registration country

  Confirm contract eligibility for businesses registered in Korea

• Sales channel

  The integration method and priority vary depending on your online sales channel mix — own site, open marketplace, mobile app, etc.

• Product category

  Confirm Apple Pay's range of supported issuers and cards in Colombia, and whether your category falls under restricted business types per its merchant policy

• Local regulatory compliance

  Confirm compliance with Colombia's payment and foreign exchange regulations (under the jurisdiction of Banco de la República and the SFC) (see official sources below)

Colombian transactions approved via Apple Pay are also received by Hecto Financial in COP, then converted and settled with merchants in Korea in whichever currency — USD, KRW, or JPY — was selected under the contract. Refunds are applied back to the tokenized card by canceling the original transaction, and details such as the timeline need to be confirmed in the contract.

• Central Bank of Colombia (Banco de la República) and Financial Superintendency of Colombia (Superintendencia Financiera de Colombia)Official information on Colombia's payment systems and financial institution supervision. If this page's content differs from actual regulations, the official sources take precedence.