IHL Group projects Colombia’s POS terminal market growing from $135 million in 2025 to $180 million by 2030 — a 5.9% compound annual growth rate and 33.4% total growth. Colombia’s retail sector reaches $125 billion in 2025, growing 11.5% — the fastest retail growth rate among the major LATAM economies in IHL’s study. With a GDP of $438 billion, Colombia ranks as LATAM’s fourth-largest economy, third in retail sales, and third in POS installed base. Per capita income of approximately $2,350 positions Colombia as a mid-tier LATAM market with strong organized retail investment activity.

IHL Group’s Colombia analysis identifies Buy Now, Pay Later (BNPL) as growing at more than 50% CAGR since 2020, making Colombia one of the most dynamic BNPL markets in Latin America. This rapid adoption reflects both consumer appetite for deferred payment options in a mid-income economy and retailer recognition that BNPL drives basket size and purchase frequency. For POS vendors, BNPL growth requires payment terminal and software support for new payment flows, driving software upgrade cycles alongside the natural hardware replacement market. Jeronimo Martins, operating approximately 1,500 locations in Colombia, represents a major deployment opportunity in this evolving payment environment

IHL Group identifies the following vendors active in Colombia’s POS market. Hardware vendors include NCR Voyix, Toshiba, Diebold Nixdorf, HP, Posiflex, Fujitsu, Lenovo, Dell, Oracle, and Cajero. Software vendors serving the Colombian market include NCR Voyix, Oracle, Toshiba, Diebold Nixdorf, Vendty, HP, and Siigo Retail. The presence of Colombian-based vendors Vendty and Siigo Retail reflects the regional software pattern: local providers gain share through deep integration with Colombian tax systems, regulatory requirements, and the electronic invoicing mandates that create compliance differentiation barriers for global software platforms.

IHL Group’s Colombia analysis identifies food and hypermarket retail as generating approximately two-thirds of POS terminal shipments in the market. This concentration reflects the dominant position of organized grocery and hypermarket retail in Colombia’s formal retail economy — anchored by Grupo Exito, Olimpica, and Alkosto. Food and hypermarket operators demand high-volume, high-reliability POS infrastructure that drives both hardware investment and software complexity around inventory management, loyalty programs, and fresh food pricing. The remaining third of terminal demand comes from specialty retail, fashion, electronics, and food service operators expanding their organized retail footprint in Colombia’s growing urban centers.

Buy Now Pay Later adoption in Colombia has grown at over 50% CAGR since 2020, driven by consumer appetite for installment payment options across all retail categories. POS vendors operating in Colombia are now required to integrate BNPL functionality directly into checkout workflows, making installment payment support a baseline capability rather than a premium feature.

Food and Hypermarket segments account for nearly two-thirds of all POS shipments in Colombia, reflecting the primacy of grocery and everyday essentials spending in the consumer basket. Colombia’s hypermarkets and supermarkets are among the most modern in Latin America, creating ongoing demand for advanced checkout technology in these anchor segments.

Jeronimo Martins operates approximately 1,500 locations as the leading foreign retailer, joined by about 460 locations of McDonald’s, Subway, KFC and Starbucks, combined. Colombians’ strong preference for meals away from home provides a particularly favorable environment for QSR and casual dining expansion, which drives parallel POS modernization investment in the hospitality segment.

Eco-tourism continues to grow with US and Western European visitors driving hospitality spending, and Medellín has emerged as a significant destination for US retirees seeking lower costs and favorable weather. This tourism-driven demand is pushing hospitality operators to modernize POS infrastructure to meet the payment expectations of international visitors accustomed to seamless digital payment experiences.

Colombia’s software vendor list includes local solutions like Vendty, Siigo Retail, and Fudo alongside global players NCR Voyix, Oracle, and Diebold Nixdorf. The presence of locally developed vendors reflects the Colombian market’s need for solutions tailored to its tax compliance requirements, Spanish-language support, and the BNPL integration demands that global platforms have been slower to address.