Panama

Country Overview

Essential information about Panama:

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


Supported Card Networks

Localpayment supports these card networks in Panama:

Credit Cards

  • Visa


Payment methods

Localpayment offers a range of Payin and Payout methods in Panama:

Incoming Payments (Payins)

Available methods for receiving funds:


Bank Transfer

MethodMin AmountMax AmountPayment Method CodePayment ConfirmationWorking HoursExecution Notification TimeCut-Off
Punto Pago Wallet Referenced Payments2.00200.002111Asynchronous24hT+1-
Bank Transfer1.00100,000.002199

Cash

MethodMin AmountMax AmountPayment Method CodePayment ConfirmationWorking HoursExecution Notification TimeCut-Off
El Machetazo1.00200.002101Asynchronous24 hT+1-
Jumbo supermercados1.00200.002105Asynchronous24 hT+1-
AM:PM1.00200.002108Asynchronous24 hT+1-
Western Union1.00100.002103Asynchronous24 hT+1-
Cooperativa Juan XXIII1.00200.002109Asynchronous24 hT+1-
Supermercados Pueblo1.00200.002107Asynchronous24 hT+1-
El Peñon1.00200.002106Asynchronous24 hT+1-
Super Xtra1.00200.002102Asynchronous24 hT+1-

Credit Card

MethodMin AmountMax AmountPayment Method CodePayment ConfirmationWorking HoursExecution Notification TimeCut-Off
Visa0.000.002110Asynchronous24 hT+0-

Outgoing Payments (Payouts)

Available methods for disbursing funds:


Payout Bank Transfer

TypeMethodMin AmountMax AmountPayment Method CodeCut-Off (GMT-3)Execution Time (Days)Notification Time (Days)
Bank TransferACH1.00999,999.00015015 ht+0t+1


Supported Document Types

Localpayment accepts these document types for verification in Panama:

Document TypeDescriptionID for individuals and/or legal entitiesLengthDocument ID Example
RUCSingle Taxpayer RegistryPhysical Person
CECedulaPhysical Person
PASSPasaportePhysical Person


Bank account types

Panama uses the following bank account types for transactions. Ensure you provide the correct account details when processing payments.

Bank Account TypeNameLengthExample
C, S5 - 20356874213500


Holidays

Plan your transaction processing around these national holidays in Panama:

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


Supported Banks

Below is a list of banks in Panama that are supported by Localpayment:

  • BAC INTERNATIONAL BANK
  • ALLBANK
  • B2 ATLAS BANK
  • BALBOA BANK & TRUST
  • BANCO ALIADO
  • BANCO AZTECA
  • BANCO DEL PACIFICO (PANAMÁ), S.A.
  • BANCO DELTA
  • BANCO FICOHSA PANAMA
  • BANCO GENERAL
  • BANCO LAFISE PANAMÁ, S.A.
  • BANCO MERCANTIL BANK
  • BANCO NACIONAL DE PANAMA
  • BANCO PICHINCHA PANAMA
  • BANCOLOMBIA
  • BANESCO
  • BANISI, S.A.
  • BANISTMO S.A
  • BANK OF CHINA
  • BANVIVIENDA
  • BBP BANK, S.A.
  • BCT BANK
  • BI-BANK,S.A
  • BICSA
  • CACECHI
  • CAJA DE AHORROS
  • CANAL BANK
  • CAPITAL BANK
  • CITIBANK
  • COEDUCO
  • COOESAN
  • COOPEDUC
  • COOPERATIVA CRISTOBAL
  • COOPERATIVA DE PROFESIONALES
  • COOPEVE
  • COOPRAC, R.L.
  • CREDICORP BANK
  • DAVIVIENDA
  • ECASESO
  • EDIOACC, R.L
  • FPB BANK
  • G&T CONTINENTAL
  • GLOBAL BANK
  • METROBANK S.A.
  • MMG BANK
  • MULTIBANK
  • PRIVAL BANK
  • PRODUBANK
  • SCOTIABANK
  • ST. GEORGES BANK
  • TOWERBANK
  • UNI BANK & TRUST, INC