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Discover how Panamanians like to shop and pay online
More than two thirds of Panamanians have Internet access and 65% have a smartphone. According to recent research, 95% of Panama’s Internet users (almost three million people) also shop online . The Panamanian e-commerce market is expected to grow at an average rate of more than 20% a year between 2022 and 2027 .
Exactly half of all adults in Panama has a bank account. Consumers in Panama make most digital payments using credit cards. But other alternative payment methods, such as bank-transfer apps and e-wallets, also have a foothold in the Panamanian market . Any plan to enter the Panamanian e-commerce market is incomplete without a localised payment strategy that includes alternative payments.
The information on our Insights pages has been compiled by us in cooperation with Datamatics and Wright & Brown. The data shown is partially owned by us and partially owned by GlobalData. © 2021 by PPRO Financial Ltd. No data and information can be used for any further publication without the explicit approval of PPRO.
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