Panama

Learn everything you need to know to make payouts in Panama with dLocal.

Market specifications

Take a look of all the information you need to make a payout.

Country reference Document validations Mandatory paramenters

Payment methods

Find all the information about payment methods capabilities.

Bank transfers

Bank information

Find all the bank account validations details you need to make a payout.

Bank codes

Market specifications

Do you want to know more information about Panama's market? Go to the Tap Into Latin America’s High-Growth Potential article.

Country reference

country codecurrency codeamount decimalsdocument_type namedocument_id format
PAUSD2Cedula de Identidad8 digits

Document validations

ValidationNameLengthTypeVerification digit
DocumentRUCBetween 7 to 15charactersNo
DocumentOther documentBetween 7 to 12charactersNo

Mandatory parameters

Bank transfers

Bank transfer parametersB2CB2BP2P
loginYesYesYes
passYesYesYes
countryYesYesYes
external_idYesYesYes
document_idYesYesYes
beneficiary_nameYesYesYes
beneficiary_lastnameYesYesYes
bank_codeYesYesYes
bank_accountYesYesYes
account_typeYesYesYes
currencyYesYesYes
amountYesYesYes
purpose--Yes
remitter_full_name--Yes
remitter_country--Yes
remitter_document_type--Yes
remitter_document--Yes

Payment methods

Panama supports payouts via Bank transfers. This method requires specific parameters and follows validation rules aligned with local compliance and banking standards.

Bank transfers

Bank transfers in Panama require detailed account information, including document ID, beneficiary name, bank code, bank account number, account type, currency, and amount. The format of these fields depends on the receiving bank, and strict validation rules apply.

Refer to the document validations and bank codes sections for format specifications.

Mandatory parameters

All fields listed below are required for bank transfer payouts. For successful processing, ensure correct formatting and value types.

Mandatory parameterDescription
loginAPI authentication credentials. Maximum 32 characters.
passAPI authentication credentials. Maximum 32 characters.
countryCountry code. For Panama, use PA.
external_idUnique transaction identifier. Maximum 100 characters.
document_idDocument ID: Passport, Cedula, RUC number. See document validations below.
beneficiary_nameFirst name of the beneficiary. Maximum 50 characters.
beneficiary_lastnameLast name of the beneficiary. Maximum 50 characters.
bank_codeBank code of the beneficiary's bank. See bank codes below.
bank_accountBank account number. Maximum 45 characters.
account_typeAccount type: C for Checking accounts, S for Savings accounts.
currencyPayout currency. For Panama, use USD.
amountPayout amount. Use up to 2 decimal numbers.
purposeReason for the payout. EPREMT - Remittance (P2P). Mandatory only for remittance (P2P).
remitter_full_nameFull name of the sender. Maximum 200 characters. Mandatory only for remittance (P2P).
remitter_countryISO 3166-1 alpha-2 code of the sender. Mandatory only for remittance (P2P).
remitter_document_typeType of identification document: 'ID' for national identification number, 'PASS' for passport. Mandatory only for remittance (P2P).
remitter_documentDocument number of the sender. Maximum 45 characters. Mandatory only for remittance (P2P).

Example request

{
  "login": "1n234n56",
  "pass": "HolAc123o",
  "external_id": "1234567812345678",
  "document_id": "1267979689",
  "country": "PA",
  "beneficiary_name": "JUAN",
  "beneficiary_lastname": "RUIZ",
  "bank_code": "016",
  "bank_account": "123456789123",
  "account_type": "C",
  "amount": "1148.00",
  "comments": "this is the 1st comment",
  "currency": "USD",
  "type": "json"
}

Bank information

Access the reference formats and accepted values required for processing bank payouts in Panama.


Bank codes


These are the values the bank_code parameter can take in Panama.

Bank NameBank Code
Allbank174
Atlas Bank180
BAC International Bank138
Balboa Bank & Trust168
Banco Aliado108
Banco Azteca150
Banco del Pacífico91
Banco Delta156
Banco Ficohsa172
Banco General7
Banco Lafise157
Banco Nacional de Panama1
Banco Panama505
Banco Pichincha Panama151
Bancolombia175
Banesco158
Banisi161
Banistmo S.A.2
Bank of China116
Banvivienda504
BBP Bank165
BCT Bank International139
BI-Bank178
BICSA51
Cacechi252
Caja de Ahorros77
Canal Bank125
Capital Bank159
Citibank3
Coeduco253
Cooesan251
Coopeduc250
Cooperativa Cristobal500
Cooperativa Profesionales71
Coopeve254
Cooprac, R.L.503
Credicorp Bank110
Davivienda18
Ecaseso502
Edioacc501
FPB Bank173
G&T Continental162
Global Bank115
Mercantil Bank163
Metrobank106
MMG Bank147
Multibank37
Prival Bank167
Produbank153
Scotiabank42
St. Georges Bank149
Towerbank40
UNI Bank & Trust, Inc.170