The Republic of Panama is the southernmost country of Central America. Link to external site : Website for Panama |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
19,485.40 Register/Log In |
| HDI classification | High |
| Mobile Connections (m) |
5.304 Upgrade to Bronze |
| Currency | PAB |
| Class | |
| CountryISO | PA |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["PA",3.341,127]],"options":{"title":"Countries","region":"PA","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Mas Movil (Cable & Wireless)",2550000],["Movistar (Telef\u00f3nica)",1750489],["Digicel",753250],["Claro (America Movil)",250157]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",346724],["Q4 2001",462541],["Q4 2002",620370],["Q4 2003",882988],["Q4 2004",1219216],["Q4 2005",1382400],["Q4 2006",1882200],["Q4 2007",2387812],["Q4 2008",3071673],["Q4 2009",3725601],["Q4 2010",4657673],["Q4 2011",5109510],["Q4 2012",5384149],["Q4 2013",5553477],["Q4 2014",5661136]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Mobile",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Bank",1],["MNO",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["MM",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",1],["BP",1],["DMT",1],["Travel",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Central Bank |
Central Bank Website for Panama Register/Log In |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system; judicial review of legislative acts in the Supreme Court of Justice Upgrade to Bronze |
| Law is based on | |
| Approach | |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Unknown Upgrade to Bronze |
| DominantModel |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",129.63],["Banked",46],["Internet",16],["Urban",72],["Adult",70],["Literate",93.3942]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 3.34 |
| Adult % | 70.00 |
| Migrants % |
3.00 Register/Log In |
| Stock Immigrants ('000) |
121.00 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
600.00 Upgrade to Bronze |
| Internal Migration Rate % |
20.60 Upgrade to Bronze |
| Intl Movement Rate % | |
| Urban % | 72.00 |
| Female % | 50.20 |
| Literate % | 93.39 |
| Annual Growth % |
| Mobile Penetration % | 129.63 |
| Banked % | 46.00 |
| Access to FS % | 46.00 |
| Internet % | 16.00 |
| Branches per 100k adults | 38.47 |
| ATMs per 100k adults | 36.94 |
| POS per 100k adults | 426.52 |
| Prepaid % | 85.80 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 1.80 |
| Monthly ARPU |
12.18 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Long Term Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |
Movistar Trivnet Upgrade to Bronze |