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Panama
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Top e-commerce industries
24%
Electronics
21%
Hobby & Leisure
21.1%
Fashion
Furniture & Homeware
Care Products
DIY
Grocery
Panama City
Capital
4.5M
Population
-5
Time Zone (GMT)
PAB/USD
Currency
Panamian balboa / US dollar
$19.1B
Transactions
value in 2028
10.9%
CAGR
of Digital Payments
during 2024-2028
during 2024-2028
Popularity of e-commerce payment methods
Extend your reach
El Machetazo is a well-known supermarket chain in Panama, recognized for offering a wide range of products, including groceries, household items, clothing, electronics, and more. It is also a payment network for cash payments, primarily used for bill payments and recharges at authorized locations.
Method
El Machetazo
El Machetazo
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
$25.00
$25.00
Super Xtra is a chain of convenience stores where cash payments can be made for bills, services, and purchases.
Method
Super Xtra
Super Xtra
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
Cash-in
Local Card Scheme
Users
300K
Disbursements
No
No
Chargebacks
$25.00
$25.00
