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Colombian Payment Methods

Baloto

About 85% of Colombians use Baloto cash payments on a regular basis, amounting to over 4.5M payment transactions a month. Offering Baloto at checkout can easily increase your conversion rates.

85%
of Colombians rely on Baloto payment services
4.5M
Monthly payment transactions

Learn more about Baloto

Baloto is Colombia‚Äôs largest lottery and payment service, completing over 800K transactions a day across 9,500 locations. Payments via Baloto are convenient and trusted by over 85% of the Colombian population. When offering Baloto, there is a low fraud risk and no chargebacks.  

Baloto is very similar to other popular cash payment methods in Latin America such as: Boleto in Brazil, OXXO in Mexico, and Sencillito in Chile.

Confirmation Within 30 minutes
Expiration3 days
Very simplerefund
No chargebacks,,low fraud risk

How does it work?

Transactions are simple, your customer is given a payment voucher that they can pay in cash at any one of 9,500 Baloto stores across Colombia.
01.

The customer chooses Baloto as the payment method at checkout.

02.

After finalizing the purchase, the consumer receives a reference number of the transaction.

03.

The voucher can be presented or read to the cashier to be paid at more than 9500 stores in the country.