Payment methods in Dominican Republic

Global digital wallet and checkout provider with broad e-commerce coverage.

Generic online and mobile bank-transfer methods (internet banking, e-banking, EFT and interbank transfers). Customers pay directly from their bank account via their bank's own online/mobile banking portal. Implementation and rails differ by country, but the consumer flow is a standard account-to-account bank transfer.

Visa is the world's largest card network, enabling credit, debit and prepaid card payments online, in-store and at ATMs across virtually every market. In the listed countries Visa is a core internationally accepted scheme alongside local methods.

Mastercard is a leading global card network supporting credit, debit and prepaid card payments online, in-store and at ATMs worldwide. In the listed countries it is a core internationally accepted scheme.

SIMPE Móvil is the Dominican Republic's bank-account-linked mobile payment system enabling instant transfers between participating banks. Operated under the umbrella of the central bank's payment infrastructure, it allows P2P and merchant payments via mobile number. Growing adoption especially among banked urban consumers.

American Express is widely accepted in Panama, particularly in hotels, restaurants, and the business services sector concentrated in Panama City. Panama's role as a regional business hub and the Colón Free Zone drives above-average AmEx acceptance compared to other Central American countries.

Major banks including Banco Popular, BanReservas, Scotiabank, and Banco BHD offer robust internet banking platforms. With 9.08 million internet banking users and 7.82 million active accounts, bank transfers through online portals represent a significant share of digital payments, particularly for larger-value transactions.