Currency and formatting
- Currency
- Panamanian Balboa (PAB)
- Symbol
- B/ — placed before the amount
- Decimal places
- 2
- Formatted example
- B/ 123,456.78
- Thousands separator
- ,
- Decimal separator
- .
- Digit grouping
- threes (3)
- Live rate
- No central-bank source publishes PAB yet
Tax
Payment methods in Panama
Roughly ordered by real-world use — not by what a card processor would prefer you offer.
- 01 card
- 02 yappy
- 03 cash on delivery
- 04 bank transfer
Card schemes that work domestically: visa, mastercard. 3-D Secure is standard practice; strong customer authentication is not legally mandated.
Locale
- Primary
- es-PA
- Official languages
- Spanish
- Direction
- left-to-right
- Date format
- MM/DD/YYYY
- Measurement
- metric
- GDPR applies
- no
Phone numbers
- Calling code
- +507
- Mobile format
- +507 6XXX XXXX
- Digits
- 8
Panama: common questions
What currency does Panama use?
Panama uses the Panamanian Balboa (PAB), symbol B/. It uses 2 decimal places, formatted as B/ 123,456.78.
How many decimal places does PAB have?
PAB has 2 decimal places. Charging with the wrong number of minor units is a 100× error, so this is worth getting right.
What is the ITBMS rate in Panama?
The standard ITBMS rate in Panama is 7.00%. Prices are displayed tax-exclusive — the tax is added at checkout.
What payment methods are used in Panama?
The methods that matter in Panama, in rough order of use: card, yappy, cash on delivery, bank transfer.
What is the dialling code for Panama?
Panama's country calling code is +507. Mobile numbers are formatted +507 6XXX XXXX (8 digits after the country code).
API_
Get this from the API instead
Everything on this page is one call away — plus live FX, fraud signals and the visitor's own detected country.
curl "https://api.localesense.com/v1/countries/PA" \
-H "Authorization: Bearer ls_live_..."
Antigua and Barbuda
Bahamas
Barbados
Belize
Canada
Costa Rica