Electronic factoring gains weight in GDP and redefines Latin America's progress, with Colombia as a protagonist

TL;DR

Electronic factoring, converting electronic invoices into immediate cash, is now a key economic infrastructure impacting growth in Latin America and Spain.
Spain leads in GDP contribution (18.5%), followed by Chile (16%) and Peru (4%).
Colombia's electronic factoring represents 3% of its GDP in 2025, comparable to Mexico and above Brazil (2.5%), with significant recent expansion.
Mass adoption of electronic invoices as negotiable instruments is driving growth in Colombia, with over 1.4 million issuers and 31 million daily electronic invoices.
Strategic implementation involving tax digitalization, legal security, and clear negotiation rules is more critical than technology for leading countries.
Electronic factoring formalizes operations, improves credit access for SMEs, reduces information asymmetries, and enhances risk assessment.
Economies that treat electronic factoring as infrastructure will gain productivity and growth advantages over those that do not.
F&M_eBILL has been instrumental in Colombia's ecosystem, managing the first electronic invoice endorsement and holding 36% of RADIAN endorsements.
Over five million companies in Latin America and Spain are projected to adopt electronic invoices as negotiable instruments by 2026.

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