Colombia's account-based payment infrastructure is evolving rapidly. While PSE serves as the standard for online checkout, ACH Colombia's Transfiya has popularized real-time transfers between banks and wallets through instant phone-number-based P2P transfers, and the everyday use of account transfers is accelerating further alongside the central bank's rollout of the Bre-B instant payment infrastructure.

Since Transfiya is fundamentally a P2P transfer service, its use in commerce payments centers on small amounts and per-transaction limits, and the scope of support varies depending on the participating institutions and receiving setup. It is worth considering for merchants handling small transactions where instant confirmation matters, such as low-cost digital goods or top-up services, but if your average cart value is high, it is safer to make PSE your primary method.

Following the merchant's instructions, a consumer initiates a Transfiya transfer to the receiving number from their own bank app or wallet, and the transfer is processed in real time, 24 hours a day. Because of its P2P structure, managing the reference information that matches orders to incoming payments is important, and the automatic matching and confirmation method varies by integration setup, so the technical documentation needs to be checked.

Since the use of Transfiya for commerce payments varies depending on the participating institutions and limit configuration, it is best to first confirm the form of support through a consultation with Hecto Financial. Whether a contract is available on the basis of a Korean entity and the settlement terms are also reviewed at that stage.

• Business registration country

  Confirm whether a contract is available for merchants registered in Korea

• Sales channels

  The integration method and priority vary depending on your online sales channel mix, such as owned mall, open marketplaces, or mobile apps

• Product categories

  Check whether the range of participating Transfiya institutions and the per-transaction and daily transfer limits match your product price points

• 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)

Like other Colombian payment methods, funds moved via Transfiya are also received by Hecto Financial in COP, and settlement to the Korean merchant proceeds, after conversion, in whichever currency — USD, KRW, or JPY — is set in the contract. Because of the instant-transfer nature, payment confirmation is fast, but refunds require a separate transfer back to the consumer, so confirm the processing procedure when signing the contract.

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