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Panama
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during 2025-2028
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.
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Reasons for Popularity
Accessibility and convenience in handling various types of payments and transfers
Super Xtra is a chain of convenience stores where cash payments can be made for bills, services, and purchases.
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Reasons for Popularity
Low banking levels Only 45% of Panamanians have bank accounts, leading to a preference for cash
Growth of e-commerce E-commerce has increased by over 80% since COVID-19
Smartphone penetration 137% of the population uses mobile devices, making them the preferred way to access the internet and make online purchases
