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№02 · HEAD-TO-HEAD · Edition №08 · Updated 11 March 2026

Nequi vs Carbon.

Nequi (N75/100) and Carbon (C50/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Nequi leads Carbon 4-1.

Quick verdict Nequi 4–1
Score 01 of 1
Fees 00 of 4
Protection 02 of 2
Reach 10 of 3
UX 01 of 2
Carbon Nequi
Banks compared 2 banks · 12 dimensions
C Carbon 50/100 N Nequi 75/100 + Add a third bank
Tally · who wins more rows12 dimensions compared
CCarbon
13 tie · 8 loss
NNequi
43 tie · 5 loss
Winner: Nequi Closest gap: 3rowsEdition №08
C
Carbon №80 · CBN 50 /100
N
Nequi №20 · Full Colombian banking licence via Bancolombia parent 75 /100
Score
Composite score Out of 100 50 /100 75 /100
Fees
Monthly fee Cheapest paid tier (€0 if free) €0 Free tier €0 Free tier
FX markup Debit card abroad 3.00% 3.00%
Free FX / month EUR equivalent €0 €0
Free ATM Before fee kicks in
Protection
Banking licence Tier Payment inst. CBN Full bank
Deposit guarantee Per depositor Safeguarded NG.NDIC €50,000,000 CO.FOGAFIN
Reach
Markets served Licensed jurisdictions 1 country 1 country
Crypto Coins available No No
Stocks & ETFs Self-directed Yes No
UX
Trustpilot Customer score
App store iOS + Android avg 4.3 ★ iOS 4.3 · And 4.4 4.5 ★ iOS 4.5 · And 4.4
Read review Read review

Pick Carbon if…

Carbon №80

Nigerian credit-led digital bank (formerly Paylater). CBN microfinance bank charter — same regulatory tier as Kuda/OPay (₦2M NDIC microfinance ceiling, not ₦5M DMB full-bank). Credit-line access is the structural differentiator vs. spending-account-led Kuda.

Pick Nequi if…

Nequi №20

Bancolombia's digital banking arm — Colombia's largest neobank by user count (~17M). Operates under the Bancolombia full-bank licence; FOGAFIN cover applies. Mass-market reach + Bancolombia ATM network. The default Colombian neobank for COP-resident readers.

Best at a glance Axis-by-axis winner — ties skipped.
  • Best for fees Tied
  • Best for protection Nequi won 2 of 2
  • Best for reach Carbon won 1 of 3
  • Best for ux Nequi won 1 of 2
Frequently asked

Nequi vs Carbon — FAQ

Quick answers to the four questions the search-bar asks most about a head-to-head.

Is Carbon better than Nequi?

Under our v3 methodology, Nequi leads Carbon 4–1 across 12 dimensions. Composite scores: Carbon 50/100 vs Nequi 75/100. Nequi is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.

Is Carbon or Nequi cheaper?

Monthly fee — Carbon: €0; Nequi: €0. Card FX markup — Carbon: 3.00%; Nequi: 3.00%. Tied across fee rows. See the Fees section of the matrix above for ATM caps and the rest.

Which is safer for deposits, Carbon or Nequi?

Carbon holds a Payment inst. licence under CBN; deposit guarantee per depositor: Safeguarded. Nequi holds a Full bank licence under Full Colombian banking licence via Bancolombia parent (Superintendencia Financiera de Colombia regulated); FOGAFIN member, COP 50,000,000 cover per depositor. // TODO(verify).; deposit guarantee per depositor: €50,000,000. Nequi is the stronger pick on regulatory protection.

Where can I use Carbon and Nequi?

Carbon operates in 1 country; Nequi operates in 1 country. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.

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