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PSE
PSE (short for “Pago Seguro Electronico”) is a bank transfer payment solution used in Colombia supported by 20 different banks. It allows users to pay directly from their bank account.
Method
PSE
LPM Market Share
32%
Payments
Yes
Refunds
Yes - full refunds only
Type
Bank Transfer
Local Card Scheme
Users
14M
Disbursements
No
No
Chargebacks
No
Authorization currency
COP
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
PSE is widely accepted by various e-commerce platforms, including online shopping websites, utility bill payment portals, government services portals, and more.
PSE enables users to make online payments directly from their bank accounts, eliminating the need to enter credit card details or visit physical payment locations.
