Guides
GuidesAPI ReferenceGo to DashboardSite >
Start typing to search…

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-0. Please consider this time zone when reviewing processing availability and cutoff times.

Cash Payments

Payment Method NamePayment Method CodeCurrencyMin AmountMax AmountPayment ConfirmationCategoryWorking Hours (GMT-0)Execution Notification TimeCut-OffLogo
El Machetazo2101USD1.00200.00AsynchronousPull24 hT+1https://cdn.localpayment.com/logos/machetazo.jpg
Super Xtra2102USD1.00200.00AsynchronousPull24 hT+1https://cdn.localpayment.com/logos/Super_Xtra.png
Western Union2103USD1.00100.00AsynchronousPull24 hT+1https://cdn.localpayment.com/logos/wester-union.jpg
Jumbo Supermercados2105USD1.00200.00AsynchronousPull24 hT+1https://cdn.localpayment.com/logos/jumbo.jpg
El Peñon2106USD1.00200.00AsynchronousPull24 hT+1https://cdn.localpayment.com/logos/el-peñon.png
Supermercados el Pueblo2107USD1.00200.00AsynchronousPull24 hT+1https://cdn.localpayment.com/logos/supermercados-pueblo.png
AM:PM2108USD1.00200.00AsynchronousPull24 hT+1https://cdn.localpayment.com/logos/descarga.png
Cooperativa Juan XXIII2109USD1.00200.00AsynchronousPull24 hT+1https://cdn.localpayment.com/logos/cooperativa-juan-23.png
Punto Pago Físico (Kiosko)2111USD2.00200.00AsynchronousPull24 hT+1https://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 AmountNotes
150Bank TransferACHUSDT+001:00 PM06:00 PM1.00 USDNo LimitTransfers made on weekends/holidays settle the next business day.

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]15
CECedulaIndividuals/^(PE|E|N|23456789 ?|1[0123]?(?:AV|PI)?)-?(\d4)-?(\d6)$
PASSPasaporteIndividuals/^([aA-zZ]6)?([0-9]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 about 8 hours ago