Panama, a country located in Central America, has a well-developed financial system, with a strong emphasis on digital payments and mobile banking. The country has a high adoption rate of credit cards and debit cards, with a growing use of mobile wallets and online payment gateways. The government is actively promoting digital financial services to enhance financial inclusion and encourage economic growth. Panama boasts a relatively sophisticated and modern payment system. Credit and debit cards are widely accepted, along with online banking and electronic transfers. Mobile payments are gaining traction, indicating a move toward a more digitalized and efficient financial system.
Estimated Population
4.3 million
Currency
Panamanian balboa (PAB)
All supported payment methods for Panama:
Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, MaestroPopular payment methods
Mastercard
Credit/Debit Cards
Unlock a world of payment possibilities with Mastercard, a trusted global leader in secure and convenient transactions
American Express
Credit/Debit Cards
Elevate your business with American Express, a premium payment network that attracts discerning customers and drives higher-value transactions.
JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
Diners Club
Credit/Debit Cards
Diners Club is a global payment network renowned for its premium services and exclusive benefits, offering businesses access to a discerning clientele.
Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.