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Super Xtra
Super Xtra is a chain of convenience stores where cash payments can be made for bills, services, and purchases.
Method
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
No
Authorization currency
PAB/USD
Authorization
speed
speed
Instant
Recurring
No
No
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
