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Panama

Learn more about currency, payment methods, processing times, and other essential details for operating in Panama with Localpayment. This guide provides a comprehensive overview of everything you need to know to integrate and optimize your payment processing in this market.

Country Overview

Essential information about Panama:

Country Code (2 digits)Country Code (3 digits)Currency CodeNumber of decimals
PAPANUSD2

Payins

Accept payments from your customers through these available channels:

Cash

Allow customers to pay in cash at thousands of physical locations.

⚠️

Important

All processing times for payins are expressed in GMT. Please consider this time zone when reviewing processing availability and cutoff times.

Cash Payments

Payment Method NamePayment Method CodeFlowCurrencyMin AmountMax AmountPayment ConfirmationCategoryWorking Hours (GMT)Execution Notification TimeLogo
Punto Pago Físico (Kiosko)2111DIRECTUSD2.00200.00AsynchronousPull24 hReal Timehttps://cdn.localpayment.com/logos/Punto_pago.png

Payouts

Send funds efficiently to your recipients:

Bank Transfers

Send money to any bank account through the interbanking system.

Bank Transfer Payouts

CodePayment TypeNetwork NameCurrencySettlement TimeCut-off Time (Local)Cut-off Time (GMT)Minimum AmountMaximum Amount
0150Bank TransferACHUSDT+01:00 p.m. — Transfers made on weekends/public holidays settle on the next business day.06:00 p.m. — Transfers made on weekends/public holidays settle on the next business day.1.00 USDNo maximum limit.

Bank Account Information

Account Type Reference

The following account types are supported:

CodeAccount TypeDescription
CChecking AccountStandard transactional account for daily banking operations.
SSaving AccountInterest-bearing savings account for fund accumulation.

Bank Codes

⚠️

Important

Some institutions marked as "NOT CONNECTED" don't participate in the SWIFT network but can still receive local transfers.

CodeTypeNameSwiftAccount TypeChecking RegexSaving Regex
0013BankBANCO NACIONAL DE PANAMANAPAPAPAC,S/^[0-9]20$//^[0-9]20$/
0026BankBANISTMO S.A.MIDLPAPAC,S/^[0-9]20$//^[0-9]20$/
0039BankCITIBANKCITIPAPAC,S/^[0-9]20$//^[0-9]20$/
0071BankBANCO GENERALBAGEPAPAC,S/^[0-9]20$//^[0-9]20$/
0181BankDAVIVIENDACAFEPAPAC,S/^[0-9]20$//^[0-9]20$/
0372BankMULTIBANKMCTBPAPAC,S/^[0-9]20$//^[0-9]20$/
0408BankTOWERBANKTOWEPAPAC,S/^[0-9]20$//^[0-9]20$/
0424BankSCOTIABANKNOSCPAPAC,S/^[0-9]20$//^[0-9]20$/
0518BankBICSACOSRPAPAC,S/^[0-9]20$//^[0-9]20$/
0712BankCOOPERATIVA DE PROFESIONALESNOT CONNECTEDC,S/^[0-9]20$//^[0-9]20$/
0767BankBANVIVIENDANOT CONNECTEDC,S/^[0-9]20$//^[0-9]20$/
0770BankCAJA DE AHORROSCAHRPAPAC,S/^[0-9]20$//^[0-9]20$/
0916BankBANCO DEL PACIFICO (PANAMÁ)S.A.C,S/^[0-9]20$//^[0-9]20$/
1067BankMETROBANK S.A.METOPAPAC,S/^[0-9]20$//^[0-9]20$/
1083BankBANCO ALIADOBAALPAPAC,S/^[0-9]20$//^[0-9]20$/
1106BankCREDICORP BANKCRLDPAPAC,S/^[0-9]20$//^[0-9]20$/
1151BankGLOBAL BANKGLBLPAPAC,S/^[0-9]20$//^[0-9]20$/
1164BankBANK OF CHINABKCHPAPAC,S/^[0-9]20$//^[0-9]20$/
1258BankCANAL BANKKNALPAPAC,S/^[0-9]20$//^[0-9]20$/
1384BankBAC INTERNATIONAL BANKBCINPAPAC,S/^[0-9]20$//^[0-9]20$/
1397BankBCT BANKBCTBPAPAC,S/^[0-9]20$//^[0-9]20$/
1478BankMMG BANKMMGBPAPAC,S/^[0-9]20$//^[0-9]20$/
1494BankST. GEORGESTGBPAPAC,S/^[0-9]20$//^[0-9]20$/
1504BankBANCO AZTECAAZTKPAPAC,S/^[0-9]20$//^[0-9]20$/
1517BankBANCO PICHINCHA PANAMAPICHPAPAC,S/^[0-9]20$//^[0-9]20$/
1533BankPRODUBANKPRODPAPAC,S/^[0-9]20$//^[0-9]20$/
1562BankBANCO DELTABDSAPAPAC,S/^[0-9]20$//^[0-9]20$/
1575BankBANCO LAFISE PANAMÁS.A.C,S/^[0-9]20$//^[0-9]20$/
1588BankBANESCOBANSPAPAC,S/^[0-9]20$//^[0-9]20$/
1591BankCAPITAL BANKCAPBPAPAC,S/^[0-9]20$//^[0-9]20$/
1614BankBANISIS.A.C,S/^[0-9]20$//^[0-9]20$/
1627BankG&T CONTINENTALGTCOGTGCC,S/^[0-9]20$//^[0-9]20$/
1630BankBANCO MERCANTIL BANKMPANPAPAC,S/^[0-9]20$//^[0-9]20$/
1656BankBBP BANKS.A.C,S/^[0-9]20$//^[0-9]20$/
1672BankPRIVAL BANKKEHPPAPAC,S/^[0-9]20$//^[0-9]20$/
1685BankBALBOA BANK & TRUSTBAUSPAPAC,S/^[0-9]20$//^[0-9]20$/
1708BankUNI BANK & TRUSTINCC,S/^[0-9]20$//^[0-9]20$/
1724BankBANCO FICOHSA PANAMAFCOHPAPAC,S/^[0-9]20$//^[0-9]20$/
1737BankFPB BANKFPBIPAPAC,S/^[0-9]20$//^[0-9]20$/
1740BankALLBANKALLKPAPAC,S/^[0-9]20$//^[0-9]20$/
1753BankBANCOLOMBIACOLOPAPAC,S/^[0-9]20$//^[0-9]20$/
1782BankBI-BANKS.AC,S/^[0-9]20$//^[0-9]20$/
1805BankB2 ATLAS BANKATPNPAPAC,S/^[0-9]20$//^[0-9]20$/
2503BankCOOPEDUCNOT CONNECTEDC,S/^[0-9]20$//^[0-9]20$/
2516BankCOOESANNOT CONNECTEDC,S/^[0-9]20$//^[0-9]20$/
2529BankCACECHINOT CONNECTEDC,S/^[0-9]20$//^[0-9]20$/
2532BankCOEDUCONOT CONNECTEDC,S/^[0-9]20$//^[0-9]20$/
2545BankCOOPEVENOT CONNECTEDC,S/^[0-9]20$//^[0-9]20$/
5005BankCOOPERATIVA CRISTOBALNOT CONNECTEDC,S/^[0-9]20$//^[0-9]20$/
5018BankEDIOACCR.LC,S/^[0-9]20$//^[0-9]20$/
5021BankECASESONOT CONNECTEDC,S/^[0-9]20$//^[0-9]20$/
5034BankCOOPRACR.L.C,S/^[0-9]20$//^[0-9]20$/
9900BankITAU PANAMA SABCTOPAPAC,S/^[0-9]20$//^[0-9]20$/

Supported Document Types

Required documents for customer verification:

Document TypeFull NameEntity TypeRegex
RUCSingle Taxpayer RegistryCompanies & Individuals/[0-9]{5,15}
CECedulaIndividuals/^(PE|E|N|[23456789](?:AV|PI) ?|1[0123]?(?:AV|PI)?)-?(\d{1,4})-?(\d{1,6})$
PASSPasaporteIndividuals/^([aA-zZ]{2,6})?([0-9]{5,14})$

National Holidays

HolidayDate
New Year's DayJanuary 1
Martyrs' DayJanuary 9
Carnival MondayMarch 3
Carnival TuesdayMarch 4
Ash WednesdayMarch 5
Easter ThursdayApril 17
Easter FridayApril 18
Labor Daymay 1
Separation Day from ColombiaNovember 3
National Symbols DayNovember 3
Flag DayNovember 4
Colón DayNovember 5
Los Santos Uprising DayNovember 10
Independence Day from SpainNovember 28
Mother's DayDecember 8
National Mourning DayDecember 20
Christmas DayDecember 25

Updated 3 days ago