Panama

mkt_pa
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US-dollar banknotes and balboa coins at parity give Panama a dollar-based monetary setting. Yappy adds a local account-payment brand alongside cards and transfers, connecting domestic commerce and international business in a country with approximately 4.57 million residents in 2025.

Alpha-3:PAN
NUM:591
Population
4.6M
GDP
$90B
GDP per Capita
$20K
GDP Growth
4.4%
Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Panama

Panama's cash combines US-dollar banknotes with balboa coins at parity. Card payments are accepted by larger local businesses, while rural purchases still call for cash; a dollar-based economy can retain distinct local access gaps.

ATMs (PER 100K)
72.0
BANKS (PER 100K)
16.7
DEBIT CARDS (PER ADULT)
1.1
CREDIT CARDS (PER ADULT)
0.3
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IMF, Financial Access Survey (FAS), 2025

Payment Methods

Estimated Monthly Usage, Aurato Research, October 2026

Schemes

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Systems

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PSPs

Compliance

Standards