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Efecty
Efecty is a voucher cash payment and transfer method widely used in Colombia.
Method
Efecty
LPM Market Share
18%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
4M
Disbursements
No
No
Chargebacks
No
Authorization currency
COP
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
With over 9,000 service points nationwide, Efecty facilitates domestic and international money transfers, bill payments, and mobile top-ups, making it a popular choice for cash-based transactions
