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Payment methods · Colombia

TransfiYa in Colombia: real-time payouts

Pay beneficiaries in Colombia in real time, up to COP 50,000,000 per transfer, and get the final status by webhook.

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  • Payout rail
  • Colombia
  • Payout

Key facts

Account-to-account payouts in Colombia

Sources: Banco de la República, Superintendencia Financiera, World Bank.

What it is

A real-time payout rail for Colombia

TransfiYa lets you send money to beneficiaries in Colombia in real time. In Localpayment it is a payout method (code 0061) with a documented maximum of COP 50,000,000 per transfer. Payouts go through compliance checks, optional double-signature approval and fund locking before the instruction is sent.

  • Real-time payouts, code 0061
  • Up to COP 50,000,000 per transfer
  • Optional double-signature approval; final status by signed webhook

How it works

How a TransfiYa payout works

Actors and steps follow the documented flow. The final status always arrives by signed webhook.

  1. 1

    Your businessLocalpayment:

    Sends the payout request

    POST /api/payout/ with the beneficiary details, amount and externalId. Compliance checks run; with requireAuth, a second approver signs off before funds move.

  2. 2

    LocalpaymentBank · TransfiYa:

    Locks the funds and sends the instruction

    The payout moves from Locked to In Progress over TransfiYa.

  3. 3

    Bank · TransfiYaBeneficiary:

    Credits the beneficiary

    Timing depends on the rail; see the key facts below.

  4. 4

    LocalpaymentYour business:

    Webhook: payout completed

    Localpayment updates the payout to its final status. Signed webhook with the final status; the proof of payment can be downloaded.

Simplified diagram. Timing depends on the rail and the bank; see the key facts below.

How it works

See TransfiYa in action

A simplified, fictitious walkthrough. Names and amounts are examples.

  1. 1Comercio EjemploYour platform sends a COP 1,200,000.00 payout through TransfiYa.
  2. 2Banco EjemploThe beneficiary sees the COP 1,200,000.00 credit in their account or wallet.
  3. 3Payout completedYour system receives the signed webhook and updates the order.
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Key facts

TransfiYa: key facts

  • Country

    Detail
    🇨🇴 Colombia

  • Currency

    Detail
    COP

  • Direction

    Detail
    Payout only

  • TransfiYa

    Detail
    Real-time, 24/7 · COP 40 – 50,000,000

  • Bre-B key

    Detail
    Real-time, 24/7 · COP 1 – 11,552,000

  • Bank transfer (ACH)

    Detail
    Same day or T+1, cut-off 15:00 local time · Min. COP 40, no maximum

Taken from the Localpayment documentation for each country. Limits and availability can change; confirm them with your account manager.

Consumer experience

What your customer sees with TransfiYa

Authorization, limits and refunds as documented on docs.localpayment.com. Limits are shown only where the documentation states them.

  • How the customer authorizes

    The beneficiary does nothing: your platform sends the payout with their name, document and mobile number (TransfiYa) or Bre-B key, and the money appears in their bank account or wallet in real time. If your account requires approval, a second user signs off in the Business Portal before the funds leave.

  • Documented limits

    TransfiYa (Payout): COP 40 – 50,000,000 · Bre-B key (Payout): COP 1 – 11,552,000 · Bank transfer (ACH) (Payout): Min. COP 40, no maximum. Per transaction, as published in the documentation; contractual limits may differ.

  • Refunds and returns

    If the beneficiary bank rejects a completed payout days later (closed or invalid account), the funds come back to your Localpayment balance and the payout moves to Returned, notified by webhook. A recall for wrong beneficiary data is a manual request to our operations team and is not guaranteed.

Integration checklist

Go live with TransfiYa in five steps

The same sequence for every rail. Watch the animated checkout for this country before you build.

  1. Get Stage credentials

    Request access, receive sandbox credentials and obtain a JWT with POST /api/token/.

  2. Fund your balance

    Payouts are debited from your Localpayment balance in the local currency; fund it locally or via Wire In with FX.

  3. Send the payout

    POST /api/payout/ with the beneficiary, document, account or alias, amount and a unique externalId.

  4. Approve and track

    With requireAuth a second user approves; follow Received, Locked, In Progress and Completed by signed webhook.

  5. Watch the animated flow

    Every method of this country, screen by screen, in the checkout experiences gallery.

History

From phone-number transfers to Bre-B

Source: Banco de la República, Bre-B technical document, Feb 2026.

  1. TransfiYa launches

    Colombia’s interbank clearing house launches TransfiYa: real-time transfers between accounts and wallets at different institutions, addressed by mobile number.

  2. Regulated as a low-value system

    Under the central bank’s rules TransfiYa becomes one of the private low-value payment systems (SPBVI) that must interoperate.

  3. Part of Bre-B

    TransfiYa is one of the SPBVI through which Bre-B key transfers are routed, next to the other private and public systems.

  4. 218 participants in the ecosystem

    By January 2026 the interoperable ecosystem counts 218 participating entities and more than 90 million registered keys.

Why Localpayment

Why use TransfiYa with Localpayment

  • One API for pay-ins and payouts

    TransfiYa runs on the same API as every other method: POST /api/payin/ to collect, POST /api/payout/ to pay out, and new markets by configuration.

  • Webhook status on every transaction

    Every status change is pushed to your endpoint, signed with HMAC-SHA256, so you can verify and automate.

  • Reconciliation in the Business Portal

    Match every transaction through your externalId and our internalId, with Business Portal reports and balance APIs.

Keep exploring

FAQ

TransfiYa: frequently asked questions

How fast is a TransfiYa payout?

TransfiYa is documented as a real-time payout method. The payout status moves from Locked to In Progress and the final result reaches you by signed webhook.

What is the maximum amount?

The documented maximum is COP 50,000,000 per transfer. See the key facts table above and confirm your limits with your account manager.

What other payout rails are available in Colombia?

Besides TransfiYa you can pay Bre-B keys in real time, 24/7 (up to COP 11,552,000) and use ACH for same-day or T+1 transfers, with a 15:00 local cut-off.

What do I need from the beneficiary for a TransfiYa payout?

Name, document type and number, and the mobile number registered with their bank or wallet. For a Bre-B key payout you pass the key in beneficiary.bank.account.alias instead and omit the account number.

Can I cancel a payout after sending it?

Yes while it is in Pending Authorization, Received, Locked or On Hold. Once it moves to In Progress it has been sent to the network and can no longer be canceled.

What happens if the account is closed?

If the beneficiary bank rejects the payment after completion, the payout moves to Returned and the funds come back to your Localpayment balance, notified by webhook.

When should I use ACH instead?

For amounts above the real-time limits in the key facts table, or when the beneficiary only has a traditional account number; ACH settles same day or T+1 with a 15:00 cut-off.

Send payouts via TransfiYa

Tell us your markets and volumes. We start you on Stage (sandbox) credentials and guide you to go-live.

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