return to all methods

BAM

BAM is one of Guatemala’s leading payment systems, offering card-based and bank transfer solutions for in-store and online transactions. Established as a trusted banking institution, BAM supports seamless digital banking, enabling payments via mobile and online platforms, catering to both individual and corporate needs.

Method
BAM
LPM Market Share
7.6%
Payments
Yes
Refunds
Yes - full refunds only
Type
Cash-in
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
GTQ
Authorization
speed
Instant
Recurring
No
No

Reasons for Popularity

Remittance Reliance: Supports Guatemala's $19.4 billion USD remittance economy, ensuring families and communities receive funds securely and efficiently.

Global Reach: Enables payments to over 200 countries, making it indispensable for businesses and individuals engaging in cross-border trade and transactions.

Extensive Branch Network: With 155+ branches and service points, BAM supports cash payments, making it convenient for both banked and unbanked populations to receive and send international transfers.