Panama

Country Overview
Essential information about Panama:
Country Code (2 digits) | Country Code (3 digits) | Currency Code | Number of decimals |
---|---|---|---|
PA | PAN | USD | 2 |
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
Accept payments for your products or services by bank transfer.
Cash
with the Cash payment method your customers may pay in cash for your digital goods or services.
Credit Card
Accept credit card payments at your merchant and provide installments and subscriptions to your clients.
Method | Min Amount | Max Amount | Payment Method Code | Payment Confirmation | Working Hours | Execution Notification Time | Cut-Off |
---|---|---|---|---|---|---|---|
Punto Pago Wallet Referenced Payments | 2.00 | 200.00 | 2111 | Asynchronous | 24h | T+1 | - |
Bank Transfer | 1.00 | 100,000.00 | 2199 |
Method | Min Amount | Max Amount | Payment Method Code | Payment Confirmation | Working Hours | Execution Notification Time | Cut-Off |
---|---|---|---|---|---|---|---|
El Machetazo | 1.00 | 200.00 | 2101 | Asynchronous | 24 h | T+1 | - |
Jumbo supermercados | 1.00 | 200.00 | 2105 | Asynchronous | 24 h | T+1 | - |
AM:PM | 1.00 | 200.00 | 2108 | Asynchronous | 24 h | T+1 | - |
Western Union | 1.00 | 100.00 | 2103 | Asynchronous | 24 h | T+1 | - |
Cooperativa Juan XXIII | 1.00 | 200.00 | 2109 | Asynchronous | 24 h | T+1 | - |
Supermercados Pueblo | 1.00 | 200.00 | 2107 | Asynchronous | 24 h | T+1 | - |
El Peñon | 1.00 | 200.00 | 2106 | Asynchronous | 24 h | T+1 | - |
Super Xtra | 1.00 | 200.00 | 2102 | Asynchronous | 24 h | T+1 | - |
Method | Min Amount | Max Amount | Payment Method Code | Payment Confirmation | Working Hours | Execution Notification Time | Cut-Off |
---|---|---|---|---|---|---|---|
Visa | 0.00 | 0.00 | 2110 | Asynchronous | 24 h | T+0 | - |
Outgoing Payments (Payouts)
Available methods for disbursing funds:
Type | Method | Min Amount | Max Amount | Payment Method Code | Cut-Off (GMT-3) | Execution Time (Days) | Notification Time (Days) |
---|---|---|---|---|---|---|---|
Bank Transfer | ACH | 1.00 | 999,999.00 | 0150 | 15 h | t+0 | t+1 |
Supported Document Types
Localpayment accepts these document types for verification in Panama:
Document Type | Description | ID for individuals and/or legal entities | Length | Document ID Example |
---|---|---|---|---|
RUC | Single Taxpayer Registry | Physical Person | ||
CE | Cedula | Physical Person | ||
PASS | Pasaporte | Physical 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 Type | Name | Length | Example |
---|---|---|---|
C , S | 5 - 20 | 356874213500 |
Holidays
Plan your transaction processing around these national holidays in Panama:
Holiday | Date |
---|---|
New Year's Day | January 1 |
Martyrs' Day | January 9 |
Carnival Monday | March 3 |
Carnival Tuesday | March 4 |
Ash Wednesday | March 5 |
Easter Thursday | April 17 |
Easter Friday | April 18 |
Labor Day | may 1 |
Separation Day from Colombia | November 3 |
National Symbols Day | November 3 |
Flag Day | November 4 |
Colón Day | November 5 |
Los Santos Uprising Day | November 10 |
Independence Day from Spain | November 28 |
Mother's Day | December 8 |
National Mourning Day | December 20 |
Christmas Day | December 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
Updated 2 months ago