Payment Methods and Currency Exchange in Panama: Essential Facts for Travelers

Last Updated: November 28, 2025

Panama uses the Balboa (PAB) and the United States Dollar (USD) as official currencies. The USD is widely accepted and used for most transactions. Credit cards are commonly accepted in urban areas, while cash is preferred in rural regions.

Official currency: Balboa (PAB), United States Dollar (USD)
Payment methods: Cash, major credit/debit cards (Visa, MasterCard, American Express), limited acceptance of mobile payments (Apple Pay, Google Pay)
Contactless/mobile payments: Increasing in major cities, but not universal; limited support for Alipay/WeChat Pay
ATMs: Widely available in cities and airports; most accept international cards; withdrawal fees typically range from USD 3–5 per transaction
Currency exchange: Available at banks, airports, and exchange offices; USD is the primary currency exchanged
Foreign currency restrictions: Large cash transactions (over USD 10,000) must be declared to authorities
Cash import/export limits: Up to USD 10,000 (or equivalent) can be brought in or taken out without declaration; amounts above must be declared to customs
Transaction fees: Foreign card surcharges may apply; check with your bank for international usage fees
Common issues: Some rural areas may not accept cards; always carry small denominations of cash
Major banks: Banco General, Banistmo, BAC Credomatic
Regulations: Panama follows international anti-money laundering standards; travelers should comply with all reporting requirements

Hyogo Prefecture, bordered by both sea and mountains and adjacent to the cities of Osaka and Kyoto, offers striking natural scenery. A route that takes you from the historic port city of Kobe to Awaji Island in the Seto Inland Sea invites travelers to embrace “wellness tourism,” engaging with nature while reconnecting with body and mind.

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