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Panama

PA · PAN · 591Latin AmericaUSD $15 methods

5 sources

Panama e-commerce market valued at US$2.64 billion in 2025, growing to US$4.21 billion by 2031.

$2.6 bn
e-commerce spend
3.5M
online population
~65%
banked adults
~30%
credit card population
MixMethodsBehaviourBanksSourcesFacts

Payment mix

share of e-commerce spend
  • E-Wallet (Yappy, Nequi)46%
  • Card35%
  • Bank Transfer12%
  • Cash5%
  • Other2%

Methods in use

top 8 of 15
All 15 methods in Panama →

Checkout behaviour

Yappy processes 25 million transactions monthly across 1.4 million users; accepted by 74% of surveyed SMEs.

Digital wallets hold 46.12% of payment share, the highest in Central America.

Facts
ISO 3166
PA · PAN · 591
Region
Latin America
Population
4.4M
Currency
USD $
Banked adults
~65%
Methods live
15
Banks covered
5
Largest banks
Compare with
GuatemalaUruguayBoliviaDominican Republic
Sources
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